Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
The Bank of Japan today pushed interest rates up to 0.75%, but the yen did not appreciate; instead, it depreciated.
Initially, the market worried that yen appreciation would trigger arbitrage unwinding, but that did not happen, indicating that this 0.25 percentage point rate hike is not enough to make a difference.
This is actually a double-edged sword. A weaker yen means arbitrage trading is still ongoing, and the global liquidity game is not over yet. However, the premise of this game is that the Federal Reserve must maintain relative easing.
The problem lies here: Trump's entire economic framework relies heavily on the stock market, and tech stocks are extremely sensitive to liquidity.
Once the Federal Reserve tightens liquidity, the Nasdaq will be the first to struggle; tax cuts and fiscal expansion will be out of the question.
In the past few days, $BTC has repeatedly drawn the door, with both bulls and bears exploding. I also can't understand what will happen next.