日元日元繼續對美元持續強勁增長，因為投資者接受了其作為避風港資產的作用。

USD/JPY匯率在周二下跌至139.92，其最低水平是自去年9月以來的最低水平，比2024年的最高點低11.5％。

The Japanese yen continued its strong surge against the U.S. dollar on Tuesday as investors focused on the role of the Asian currency as a safe-haven asset.

日元週二，日元在周二對美元的強勁增長繼續，投資者專注於亞洲貨幣作為避風港資產的作用。

By 07:17 ET (11:17 GMT), the USD/JPY pair dropped to 139.92, reaching its lowest point since September last year and trading 11.5% below the 2024 high.

到了07:17 ET（格林尼治標準時間11:17），USD/JPY對降至139.92，達到了自去年9月以來的最低點，比2024年高的高點交易11.5％。

This decline follows the broader weakness of the U.S. dollar and a surge in other developed-world currencies such as the euro, British pound, and Swiss franc. The Relative Strength Index for the US dollar Index, a popular gauge that weighs its performance against a basket of currencies, fell to 98, hitting the lowest level since April 2022.

這種下降是在美元的弱點和其他發達國家貨幣（例如歐元，英鎊和瑞士法郎）的激增之後的衰落。美元指數的相對強度指數是一種流行的量規，其性能與一籃子貨幣的表現相比下降到98，達到了自2022年4月以來的最低水平。

The ongoing yen rally is having a broader impact on equities, Bitcoin, and altcoins. In an X post, BitMEX co-founder Arthur Hayes said that this performance will push leveraged traders to unwind positions in U.S. stocks and bonds, ultimately leading to higher bond yields.

持續的日元集會對股票，比特幣和山寨幣產生更大的影響。 Bitmex聯合創始人亞瑟·海斯（Arthur Hayes）在X帖子中說，這種績效將促使槓桿交易者在美國股票和債券中放鬆職位，最終導致債券收益率更高。

I know Team Trump wants a weaker dollar, but a rapidly strengthening $JPY causes leveraged traders to unwind positions in US stocks and bonds. Thankfully $BTC knows that if bond yields rise, the BBC must print money. Yachtzee 😘😘😘😋😋 pic.twitter.com/9PAY40b2O5

我知道特朗普團隊想要一美元​​，但迅速加強$ JPY會導致槓桿交易者在美國股票和債券中放鬆頭寸。值得慶幸的是，$ BTC知道，如果債券收益率上升，英國廣播公司必須打印資金。 Yachtzee😘😘😘😋😋pic.twitter.com/9pay40b2o5

There are already early signs this is unfolding. U.S. stock prices have sharply declined, with the Nasdaq 100, S&P 500, and Dow Jones indices falling into technical correction territory.

已經有早期的跡象正在發展。美國股票價格急劇下降，納斯達克100，標準普爾500指數和道瓊斯指數屬於技術更正領域。

According to the Financial Times, Japanese investors have offloaded over $20 billion in international bonds. Most of these sales were in US government bonds. These activities are closely observed because Japan is the biggest holder of U.S. debt, amounting to $1.1 trillion.

根據《金融時報》的報導，日本投資者已將超過200億美元的國際債券卸載。這些銷售中的大多數都是在美國政府債券中。由於日本是美國債務最大的持有人，因此仔細觀察了這些活動，總計為1.1萬億美元。

A key driver behind these sales is the strength of the yen and rising bond yields in Japan. The country’s 10-year government bond yield has risen to 1.30%, sharply higher than the lows seen last year.

這些銷售背後的主要推動力是日元和日本債券收益率上升的實力。該國的10年政府債券收益率上升至1.30％，比去年的低點高。

Bitcoin is slowly becoming a safe haven

比特幣正在慢慢成為避風港

According to Hayes, the surging yen and the plunging US dollar will benefit Bitcoin (BTC) as the Federal Reserve will be forced to print money using quantitative easing.

根據海斯的說法，日元和下跌的美元將使比特幣（BTC）受益，因為美聯儲將被迫使用量化寬鬆打印資金。

Meanwhile, there are increasing signs that Bitcoin is gradually evolving into a safe-haven asset. Spot Bitcoin ETFs recorded over $381 million in inflows on Monday, following $107 million on Friday. These inflows coincided with a sharp drop in the Dow Jones Industrial Average, which fell by more than 1,000 points.

同時，有越來越多的跡象表明比特幣正在逐漸發展為避風港資產。週一，現場比特幣ETF在周一的1.07億美元中記錄了超過3.81億美元的流入。這些流入與道瓊斯工業平均水平的急劇下降相吻合，後者下降了超過1,000點。

Bitcoin has also dropped by less than 3% this year, while the top U.S. indices have fallen by double digits. As such, some analysts believe that it will eventually evolve into a safe-haven asset, similar to gold.

今年比特幣也下降了不到3％，而美國最高指數則以兩位數下降。因此，一些分析人士認為，它最終將發展成為類似於黃金的避風港資產。

Such a move would likely lead to higher altcoin prices. Throughout history, altcoins like Ethereum (ETH), Solana (SOL), and Pepe (PEPE) have typically performed well during periods of strong Bitcoin performance.

這樣的舉動可能會導致較高的Altcoin價格。在整個歷史上，諸如以太坊（ETH），Solana（Sol）和Pepe（Pepe）之類的Altcoins通常在強勁的比特幣性能期間表現良好。