What is FX today? August 7 (Wednesday) The sharp appreciation of the yen is tacitly accepted by the Ministry of Finance, the Financial Services Agency, and the Bank of Japan in a trilateral meeting

Rapid yen appreciation accepted by Finance Ministry, Financial Services Agency, and Bank of Japan in a trilateral meeting; Trade Idea LabWell, underground idols have essentially become sex workers now... In the bubble’s late stage, morals of both men and women declined and crime increased; it’s severe.

With Nikkei’s panic selling, real demand is leading the moves and technically it’s hard to move. Dollar/yen futures are around 143.40 yen, so while it may not plunge further, the stance is to buy back from around 145.50–150 yen. The VIX index has settled into the 20s. There was a trilateral meeting between the Finance Ministry, Financial Services Agency, and the Bank of Japan, which adopted a stance of tolerating a stock market crash and a stronger yen. It doesn’t seem like there will be any action (emergency rate cuts). If Trump wins the presidential election (in November), to repay the U.S. national debt of 35 trillion dollars with Bitcoin, that would be positive for the U.S. Treasury market. U.S. yields should fall. For USD/JPY, there could be downward pressure.Traders must-see: The three phases that control market sentimentThere are three phases in market psychology. First is the “technical-dominant phase.” At this time, participants in the market (hedgers, speculators, arbitrageurs) are all moving in the same direction. In this phase, even beginners have an advantage. Next comes the “phase where technicals and fundamentals influence each other.” Technical analysis uses indicators on charts. Fundamentals involve looking at information beyond charts, such as U.S. Treasuries, stocks, commodities, and considering how they affect charts. In this phase, technicals alone aren’t enough to win. The final phase is the “phase where real demand is very strong.” This occurs when the market goes into panic or when a particular market attracts attention. For example, during a major crash like Lehman Brothers, speculative money sells off rapidly to cash. Or, when stock, bond, or gold markets heat up, speculative money concentrates in specific places, making other stocks hard to understand with technical analysis alone. Most traders only win in the first “technical-dominant phase,” so in the end, about 90% of people withdraw.