💥US–Japan coordination: calm on the surface, tension underneath

An unusual “rate check” by the New York Fed caught market attention, even without an official rate change.

At the same time, US and Japanese authorities are coordinating efforts to curb the yen’s decline, highlighting the fragility of the current global monetary environment.

The sharp reaction in the yen shows that markets respond more to signals and international coordination than to explicit policy decisions.

👀 For risk assets, including crypto, it’s not only Fed decisions that matter — but expectations around liquidity and financial stability.

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