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Click on the link to join the meeting directly: https://meeting.tencent.com/p/7890471408 The expectation of Japan raising interest rates by 25 basis points is becoming increasingly strong. Whether this operation is implemented or not, it has already caused a huge wave in the financial circle. Both the domestic and global markets in Japan must be on high alert! First, look at the local side of Japan: the bond market is boiling directly, and the yield of 10-year treasury bond has hit a high of 1.875% since 2008. The attraction is full, and local funds are running back to buy Japanese bonds; But the stock market is in trouble, as expectations alone caused the Nikkei 225 index to fall by 1.9%. If a real interest rate hike is implemented, the cost of borrowing for companies will increase, and stock market valuations will have to be suppressed. The banking industry is even more mixed. Expanding the interest rate spread between deposits and loans can make more money, but the large amount of bonds held in hand may be impaired due to rising yields, and the demand for corporate loans may also decline. Turning our attention to the world again: the foreign exchange market is the first to react, with the cost of yen financing rising and expectations of appreciation becoming stronger. The exchange rate against the US dollar has begun to rise. More importantly, the Japanese yen carry trade, which has a scale of up to 4 trillion US dollars, is now facing pressure for large-scale liquidation. The US Treasury market has also been affected. Japan is the largest overseas buyer of US Treasury bonds, and if funds flow back to the domestic market, they will sell off US Treasury bonds, leading to a significant increase in supply pressure on US Treasury bonds. The yield on 10-year US Treasury bonds has risen to a temporary high of 4.086%. There are also risky assets such as Bitcoin, which have already plunged ahead of schedule, falling by over 20% in the past month. The Australian dollar, which relies on carry trades, has also fallen significantly against the Japanese yen. How should we respond? Technical analysis BTC weekly closing cross star, volatile market opens, daily second probing is about to end and form a double top, weekly second probing is about to open, next support around 86000, continue to rebound around 100000 after stabilizing. ETH's weekly closing line is on the upper and lower tracks, with the monthly line breaking through the middle track and the daily line breaking through the upper track before rebounding. There is a strong pressure around 3500, and if the daily line falls below the middle track, it will once again come to the lower track around 2600 to confirm support and then rise by around 4000. So, how do we proceed next? Teacher Zhao Yun, who has 9 years of practical trading experience in the cryptocurrency industry, will provide a detailed breakdown for everyone. Welcome to the live broadcast room to check in! Join the Three Kingdoms College Exchange Group to receive more services: 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Official QQ group: 579358784 Tencent Meeting ID: 789-047-1408 The live broadcast room will be broken down in detail. Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
