#比特币流动性 $BTC $ETH $ZEC

🔥Tokyo's night scene remains dazzling, but the eyes of traders staring at the screens have changed.

On Monday, Japanese Finance Minister Shigeyuki Katayama suddenly spoke: "Volatility away from fundamentals? We can intervene at any time!" As soon as he finished speaking, the yen rebounded. The market instantly became tense, and short-selling institutions began to reduce their positions.

On the surface, everything seems calm, but behind the scenes, it's a different story. $1.3 trillion in foreign exchange reserves sounds like a lot, but last year alone, $66 billion was burned through. Now, with the exchange rate approaching the 160 mark, how many more times can her ammunition be used? Even more ironic, the Bank of Japan raised interest rates, yet the yen fell — the market is testing the government's resolve with real actions.

The interest rate differential between the US and Japan is as high as 5.4%, and hot money continues to flow into the US. Meanwhile, the Japanese government has allocated an additional 18.3 trillion yen in supplementary budgets to rescue the economy. As a result, the bond market directly collapsed, with the 10-year government bond yield soaring to 2.1%. Policy clashes are like dancing on the edge of a knife.

Shigeyuki Katayama claims to have received "authorization" from Washington, "ready at any moment to act." But foreign reserves are running out, and market confidence is wavering. Will the next intervention be a lifesaver or a fleeting flash? The answer to this gamble that concerns the nation's fate may be revealed before the New Year.