The New York Fed hints at intervention in the yen, and the weakening dollar is seen as a positive for US exports and debt burdens. 🚀 The softening dollar boosts liquidity, and the market expects cryptocurrencies like Bitcoin to follow suit, but they are still below expectations. Risk assets lead the rally, with gold and stocks reaching historic highs. Cryptocurrencies lag behind traditional assets, and rotation may follow after the continued depreciation of the dollar. Pay attention to subsequent communications from the Fed and the Bank of Japan to verify intervention signals.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The New York Fed hints at intervention in the yen, and the weakening dollar is seen as a positive for US exports and debt burdens. 🚀 The softening dollar boosts liquidity, and the market expects cryptocurrencies like Bitcoin to follow suit, but they are still below expectations. Risk assets lead the rally, with gold and stocks reaching historic highs. Cryptocurrencies lag behind traditional assets, and rotation may follow after the continued depreciation of the dollar. Pay attention to subsequent communications from the Fed and the Bank of Japan to verify intervention signals.