The depreciation of the Japanese Yen triggers a global market chain reaction, with multiple assets rising together to迎"Triple Witch Day" storm

Japanese Yen to RMB Exchange Rate Declines Sharply, USD/JPY Breaks Through 157 Level

The Bank of Japan raised interest rates on time by 25 basis points, bringing the benchmark rate up to 0.75%—a new high in nearly 30 years. However, the market was disappointed by Governor Ueda Kazuo’s hawkish stance, as he was ambiguous about future rate hike plans during the press conference. This “dovish” signal directly impacted the currency market, causing the US dollar to strengthen. As of press time, USD/JPY(USD/JPY) rose by 1.05%, breaking through the 157 level to 157.09. Meanwhile, the yen against the RMB also depreciated significantly, reflecting overall pressure on the yen.

US Stock Futures Rise, Tech Giants Lead Gains, Oracle Becomes Biggest Winner

At 5:00 AM Eastern Time, the three major stock index futures showed a general upward trend. Dow Jones futures increased by 0.14%, S&P 500 futures rose by 0.33%, and Nasdaq 100 futures led with a 0.43% gain. Popular tech stocks followed suit, with NVIDIA(NVDA) up 1.36% and Tesla(TSLA) up 1.13%. Among them, Oracle(ORCL) performed remarkably, with a sharp increase of 5.95%, benefiting from the bright outlook for TikTok transactions and the dual support of OpenAI funding negotiations.

$7.1 Trillion Options Contracts Face “Triple Witching,” Market Volatility May Be Intense

Today marks the arrival of the “Triple Witching” day. According to Goldman Sachs, the global options market will experience the largest concentration of expirations in history—over $7.1 trillion in notional value of options contracts will expire simultaneously, with about $5 trillion directly linked to the S&P 500 index. Such concentrated expiration events often lead to liquidity tightening, surge in trading volume, and significant volatility. Market analysts are closely watching whether the S&P 500 can hold the critical support level of 6800 points.

Cryptocurrencies Rebound Collectively, Bitcoin and Ethereum Lead the Surge

Stimulated by the weakening of the Bank of Japan’s hawkish signals, risk asset sentiment has improved. The cryptocurrency sector has risen across the board. Bitcoin(BTC) is currently trading at $91,360, up 1.80% in 24 hours. Ethereum(ETH) performed even better, with the current price rising to $3,140, a 1.41% increase over 24 hours. It is worth noting that approximately $23 billion worth of Bitcoin options contracts will expire next Friday, which could further amplify market volatility.

Precious Metals Show Divergent Trends, Funds Flow Quietly Shifts

The precious metals market shows significant divergence. Platinum and palladium continue their strength, with platinum rising for the seventh consecutive trading day, reaching $1,962 per ounce, a 0.66% increase for the day. Gold, on the other hand, remains volatile with slight declines. This trend reflects a “arbitrage relocation” by market funds—some investors are shifting from gold, which has reached historic highs, to undervalued and more volatile platinum and palladium, resulting in a noticeable outflow of funds.