Japan raises interest rates, yet the yen weakens?
Financial markets are always buying expectations, not results.
The expectation of Japan's interest rate hike has gradually been digested since this Monday, with a large number of arbitrage positions starting to close out, leading to a yen inflow.
This indicates that at least some funds are leaving the Japanese market; the best choice for half of the funds leaving the country? Of course, it’s America, which has led to a rise in the US stock market.
The rise in the US stock market has driven the cryptocurrency market, and at least in the short term, the US stock market is still likely to continue rising. We hope cryptocurrency can rise along with it.
