The Japanese Yen rose to a new high against the US Dollar since February, global bond yields climbed, and Bitcoin, gold, and tech stocks fell under pressure.
Bitcoin fell over 1% in the past 24 hours, hovering above $78,000; gold dropped 1% to $4,390/ounce; tech stocks edged lower in pre-market trading, with Invesco QQQ down 0.16%. The Japanese Yen strengthened against the US Dollar to 152.99, its highest level since February, sparking concerns about the unwinding of JPY carry trades, which could further pressure global risk assets. Meanwhile, Brent crude oil rose 2% to approach $100/barrel, a new high since June; WTI crude oil increased 3.5% to near $95/barrel. The US 10-year government bond yield remained firmly above 4.8%, and government bond yields in the UK, France, and Germany also generally moved higher.
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Source:CoinDesk · Source Link
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