Goldman Sachs lowers its forecast for the Japanese yen exchange rate, expecting it to fall to 165 to 1 US dollar within a year

Critini Research analyst Jukan pointed out that Samsung and SK Hynix are re evaluating the timing of HBM hybrid bonding applications. JEDEC has relaxed the thickness standard of HBM5 to about 1000 μ m, loosening the 720 μ m standard of HBM3E and the 775 μ m standard of HBM4, making the hybrid bonding advantage no longer urgent. Samsung develops Heat Path Block, SK Hynix launches iHBM to replace hybrid bonding with independent heat dissipation solution. Nvidia does not have an urgent demand for stacking over 16 layers, and 12 layer products may be mainstream for HBM4E. The number of I/O in HBM4 has reached 2048, and the TC hot pressing process is approaching its limit. When the number of I/O in the future HBM5E stage increases to 4096, hybrid bonding will still be an inevitable direction, which will affect Besi's market expectations.

On chain monitoring shows that MK4 made a profit of $6.7 million by long positioning LIT with 5-fold leverage, with a current position value of $13 million and a historical total profit and loss of $173.68 million.

ZachXBT stated that it only accepts investigation requests that meet the following conditions: the case has occurred recently, the single victim's loss exceeds $250000, the jurisdiction is favorable for their work, it occurred on the chain that supports the investigation, and it does not involve Meme tokens or prediction markets.

BNK Busan Bank has completed a pilot of Korean won stablecoin infrastructure on Kaia Chain for use in digital local currency scenarios. This PoC was jointly participated by K-STAR Alliance partners AhnLab Blockchain Company, Lambda256, and Open Asset. The test results showed a transaction success rate of 100% and a processing time of less than 1 second.

Goldman Sachs predicts that the Japanese yen will fall to 165 to 1 US dollar within one year, down from the forecast of 155. Strategist Fishman pointed out that the pressure of yen depreciation comes from Japan's fiscal pressure, high US bond yields, and slow interest rate hikes by the Bank of Japan. Hedge funds' bearish bets on the Japanese yen hit a new high since 2017 last month, and the market believes there is a 72% probability that the US dollar will rise to 165 against the Japanese yen in June next year. Goldman Sachs predicts that the USD/JPY exchange rate will be 162 in three months and 163 in six months, compared to the forecast of 160 and 158, and believes that the official intervention effect will be short-lived.