Just now, Kazuo Ueda finished his speech. Contrary to the hawkish interest rate cuts of the Federal Reserve before, he is taking a dovish interest rate hike route. This once again confirms the market view that the Bank of Japan is a branch of the Federal Reserve. Ueda and the man are also playing Powell's tight handed and loose mouthed water balance reverse hedging strategy. He physically tightened the monetary policy (raising interest rates), but psychologically injected the market with a 'loose anesthetic' again. Just now, the US dollar/Japanese yen (USD/JPY) rose to 156.37 in the short term. As long as the yen does not rise but falls, it is the most desired scenario for risk assets, including the cryptocurrency industry. As long as the Japanese yen is falling or maintaining weakness, it means that the cost of borrowing yen is still low, and at this time, repaying yen debts will become "less and less" due to the depreciation of the exchange rate. Carry trader was able to continue. Global capital giants, hedge funds will continue to borrow devalued Japanese yen, exchange it for US dollars, and then buy high volatility, high return assets. Bitcoin and technology stocks are the preferred options. You can simply think that the depreciation of the Japanese yen=favorable for the risk market. The USD/JPY exchange rate of 152 is a long short level, and as long as it does not break through 152, it can be considered that the yen is in a weak range.