cryptd.in

另类 LinkedIn 适合加密人才

Here’s Why Crypto Traders Need to Watch the Fed’s H.4.1 Report This Week

-

由

cryptd.in
于

Crypto investor Arthur Hayes warned on August 3 that markets should watch this week’s Federal Reserve H.4.1 release for signs that Japan used US Treasury holdings as collateral to obtain dollars during recent yen intervention efforts.

The move has raised questions about how central banks may manage currency pressure without disrupting bond markets, with potential effects on global liquidity and risk assets like Bitcoin (BTC).

Watching the Fed’s Balance Sheet

The H.4.1 report publishes weekly details on the Fed’s balance sheet, including any repo activity with foreign central banks, which is why Hayes pointed traders there for confirmation.

His post followed last Friday’s coordinated currency action, which Treasury Secretary Scott Bessent 说过 had been taken to counter “disorderly yen movements,” and that his department is still in close contact with the BOJ and Japan’s Ministry of Finance and “will not hesitate to participate in further joint intervention.” He also called for the FIMA repo facility, which lets foreign central banks borrow against Treasury holdings, to be expanded in the coming months.

“If Bessent can get the counterparty limit increased then the Fed can create money using MOF TSY as collateral,” Hayes wrote in response.

The H.4.1 publication adds to a list of macro events already on the radar of traders, including Friday’s Nonfarm Payrolls report and this week’s ISM Manufacturing PMI.

Bitcoin advocate Adam Livingston called the US-Japan action “one of the funniest pieces of elite macroeconomic theater,” pointing out how the Asian economic giant had spent years pinning rates low, monetizing debt, and turning its fiat currency into a funding source for global carry trades. Now it has weakened, with Washington describing it as “substantially undervalued.”

The crypto author noted that Japan needs dollars to defend the yen, and it holds a large stock of US Treasuries, which, if sold, could push American yields higher and raise US financing costs as well as tighten liquidity. However, a bigger FIMA facility allows Japan to borrow dollars against those Treasuries instead of dumping them onto the market.

The crypto community has been watching the yen issue because Japan’s low-rate environment supported the yen carry trade for years. Investors borrowed the currency cheaply and placed money into higher-yielding assets, like stocks and cryptocurrencies. Last week, analyst EGRAG CRYPTO warned that a fast unwind of such carry trade-funded positions could force selling across risk assets, including BTC, if the yen strengthens too quickly.

Where Crypto Stands This Week

At the time of writing, the global cryptocurrency market cap was holding near $2.2 trillion after a slight 0.8% dip in 24 hours. BTC was trading closer to $63,000 than $62,000, down about 1% on the day and over 4% across one week. Meanwhile, Ethereum (ETH) sat near $1,800, about 6% from where it was a week ago.

Analyst Daan Crypto Trades 观察到的 that Bitcoin and the broader crypto market have underperformed the recent bounce in tech stocks. He attributed the pattern to a liquidity rotation where speculation returns more readily to equities once they recover, leaving crypto lagging unless stocks move sideways for a stretch.

职位 Here’s Why Crypto Traders Need to Watch the Fed’s H.4.1 Report This Week 首次出现在 加密土豆.

评论

发表回复

您的邮箱地址不会被公开。 必填项已用 * 标注

最新信息

热门类别

zh_CN 简体中文
zh_CN 简体中文 en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

搜索网站

热门故事

标签

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (457) #BitcoinETF (3) #itcoinFundamentals (1) # 比特币处理 (1) # 比特币价格 (5) # 比特币价格水平 (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #itcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTC 收购 (1) 1TP5 看涨预测 (1) #BullishSentiment (1) #C 中国矿业 (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #ogecoinGains (1) #ogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #El萨尔瓦多比特币 (1) #E以太坊 (74) #EthereumPain (1) #E以太坊价格 (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #F 财务影响 (1) #F 财务隐私 (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investment (1) #InvestmentLoss (1) #JapaneseFirm (1) #L LegalAction (1) #L 法律影响 (1) #Legislation (1) #LightningNetwork (1) #M 市场分析 (3) #M 市场监测 (1) #M 市场预测 (1) #M 市场预测 (1) #M 市场投影 (1) #M 市场支持 (1) #M 市场波动性 (1) #M 婚姻 (1) #MemeCoin (5) #MemeCoins (2) #Miner 盈利能力 (1) #M 洗钱 (2) #MtGox (4) #朝鲜加密货币 (1) #诺沃格拉茨预测 (1) 1TP5价格里程碑 (1) #P 价格预测 (2) 1TP5价格问题 (1) #PriceSurge (1) #PrisonSentence (1) # 量化分析 (1) #R 监管压力 (1) #SECA Anti-Crypto (1) #ShibaInu (6) #SocialBuzz (1) #T 技术分析 (1) #Toncoin (3) #T 龙卷风现金 (3) #T 龙卷风现金发展项目 (1) #T 龙卷风现金开发者 (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

实用链接

我发现了一些有用的链接，希望与大家分享。