#数字资产市场洞察 Tonight's crypto market faces a critical test: US CPI and Bank of Japan interest rate decision collide

Tonight at 9:30, two major events will unfold. The latest US CPI data will be released, followed by the Bank of Japan announcing its interest rate decision. The combination of macro variables will cause market turbulence.

Let's start with the US side. How CPI data moves will directly influence market expectations for the Federal Reserve's future policies. If inflation continues to decline, easing expectations will heat up, and risk assets including cryptocurrencies may see a recovery. If the data exceeds expectations, short-term volatility will likely be amplified, possibly triggering stop-losses. The impact of this is often medium-term, shaping the overall direction in the coming weeks.

On the Japanese side, it seems the market has already digested the rate hike expectations, but what’s truly worth watching is how they communicate their future policy stance. Historically, during several rate hike cycles, yen carry trades have been liquidated, causing significant shocks to BTC and liquidity. The pressure for yen appreciation remains, so this risk point must be closely monitored.

In simple terms: Japan’s policy short-term disturbances are the main concern, but US inflation data is the key to determining the medium-term rhythm. Before the data is released, don’t let emotions drive your decisions; controlling your trading pace is the best strategy. Which variable do you think has a greater impact?

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