#数字资产市场洞察 $BTC $ETH $ACT

The yen predicament is intensifying. Japanese Finance Minister Shunichi Suzuki made a strong statement on Monday: "We will act decisively against exchange rates that deviate from fundamentals." The implication is clear: the recent plunge of the yen is purely speculative trading, marking the toughest intervention stance in 30 years. Consequently, the USD/JPY pair plummeted, and the market suddenly tensed up.

More crucially, she revealed that Japan has received the green light from the United States to operate in the foreign exchange market independently without further discussion. The joint statement between Japan and the U.S. in September has become a "combat permit," with $100 billion in intervention ammunition ready at any moment.

But problems arise: Prime Minister Shinzo Abe's government has announced a 120 trillion yen economic stimulus plan, and the fiscal gap has long been a hidden concern. The yield on 10-year government bonds has surged to 2.1%, the highest level in 27 years. The reality now is laid bare — should we defend the exchange rate or protect the debt? Analysts at Mitsubishi UFJ candidly state: if debt spirals out of control, any intervention in the exchange rate will ultimately be futile.

The global financial market is holding its breath, will the yen reverse, or continue to weaken? This game is quite complex.