由于投资者接受日元作为避险资产的角色,日元兑美元继续强劲上涨。
The USD/JPY exchange rate plunged to 139.92 on Tuesday, its lowest level since September last year and 11.5% below its highest point in 2024.
This decline aligns with the broader weakness of the U.S. dollar and a surge in other developed-world currencies such as the euro, British pound, and Swiss franc. The US dollar Index, a popular gauge that weighs its performance against a basket of currencies, fell to $98, its lowest point since April 2022.
The ongoing yen rally is having significant ripple effects on equities, Bitcoin, and altcoins. In an X post, BitMEX co-founder Arthur Hayes noted that this performance will push leveraged traders to unwind positions in U.S. stocks and bonds, ultimately leading to higher bond yields.
目前已有迹象表明这种情况正在发生。美国股市大幅下跌,纳斯达克100指数、标准普尔500指数和道琼斯指数均已进入技术回调区间。
据《金融时报》报道,日本投资者已抛售超过200亿美元的国际债券,其中大部分是美国政府债券。这些活动受到密切关注,因为日本是美国国债的最大持有者,持有价值1.1万亿美元的美国国债。
A key driver behind these sales is the strength of the yen and rising bond yields in Japan. The countryâs 10-year government bond yield has risen to 1.30%, sharply higher than the lows seen last year.
According to Hayes, the surging yen and the plunging US dollar will benefit Bitcoin (BTC) as the Federal Reserve will be forced to print money using quantitative easing.Â
Meanwhile, there are increasing signs that Bitcoin is gradually evolving into a safe-haven asset. Spot Bitcoin ETFs recorded over $381 million in inflows on Monday, following $107 million on Friday. These inflows coincided with a sharp drop in the Dow Jones Industrial Average, which fell by more than 1,000 points.
比特币今年的跌幅也不足3%,而美国主要股指的跌幅均达到两位数。因此,一些分析师认为,它最终将演变成一种类似于黄金的避险资产。
此举将推高山寨币价格。从历史上看,当比特币繁荣时,以太坊 (ETH)、Solana (SOL) 和 Pepe (PEPE) 等山寨币往往表现良好。