#美联储恢复降息进程 On Monday, the forex and bond markets experienced significant fluctuations: the Exchange Rate of the US dollar against the Japanese yen began to decline, while Japanese government bond yields reached a 17-year high.

The yield on Japan's two-year government bonds has broken through 1.000% during the session, marking the first time since 2008. Two factors are driving this: concerns over U.S. tariffs have temporarily eased, and market risk appetite is warming; however, Japan's inflation data remains strong, and interest rate hike expectations continue to ferment.

In terms of the Exchange Rate, the US dollar against the Japanese yen is currently quoted at 155.78, a decline from last Friday's North American session closing of 156.18, and it is testing the support near the low of 155.65 touched last week.

Market focus is on the speech by Bank of Japan Governor Kazuo Ueda tonight. Traders are trying to catch signals regarding this month's monetary policy meeting from the speech - whether the Bank of Japan will adjust its policy stance in the face of high inflation and bond yields breaking through key levels has become the biggest highlight of the week.

Other assets are also linked: $BTC fell more than 3% in a single day, and the Nikkei 225 index and the Korea Composite Stock Price Index are similarly under pressure. The global market's attention is now focused on the next move of the Bank of Japan.