#美联储降息预期 The Bank of Japan has a 98% chance of raising interest rates today, this is getting interesting. Once the rate hike is confirmed, Japan's benchmark interest rate will rise from 0.5% to 0.75%, ending the era of ultra-low interest rates lasting 30 years.

The key question is how this will affect the Federal Reserve. Japan holds $1.2 trillion in U.S. Treasuries. If Japanese bond yields rise, funds are likely to withdraw from the U.S. market, causing U.S. Treasury yields to go up. This could dampen the prospects of the Fed cutting interest rates.

In simple terms, the previous decline in U.S. Treasury yields was an important factor in boosting the stock market and supporting rate cut expectations. Now, this logic might need to be reversed. The interaction between international central banks is indeed complex; a country's decision to raise interest rates can impact global markets. The crypto space is especially sensitive to interest rate changes, so this situation needs close attention.