What is the most important factor that caused the plunge? It is Japan's interest rate hike. Do you know when Japan's interest rate hike started? Japan's interest rate hike has an impact on the entire region, and sometimes it is even more severe than the US dollar's interest rate hike. Why? Because the US dollar always lowers interest rates to release its liquidity, allowing the world to use the US dollar, and then raises interest rates to make the US dollar flow back after using the US dollar, to harvest the world. This is a common method used by the US government. And this method of lowering and raising interest rates and harvesting the world has been used many times. Therefore, for many countries and many regional economies, they have a certain immunity and know their routines and tactics, so they will be able to respond effectively. This time, the US dollar interest rate hike is also to harvest the world, but his interest rate hike, in fact, we clearly know that he is targeting China to acquire China, but he has not harvested it. The most famous interest rate hike only acquired branches in Argentina, India, Vietnam, and Japan, but the acquisition has not yet achieved its ultimate goal. We China still resisted. So it will launch an interest rate hike for the yen. The plunge was caused by the interest rate hike on July 31. If you come to the class offline, you will know how to escape this time. We clearly put forward the risk of the yen interest rate hike in class, and its impact will be greater than the interest rate hike of US Treasury bonds. The first point is that we can see that the yen has been in an era of low compound interest for decades. In order to seek higher returns, Japanese individuals and companies have always been large investors in overseas assets. For example, Japanese investors hold $1.1 trillion in US Treasury bonds and are the largest foreign holders of US Treasury bonds. As of the end of last year, Japan's total overseas securities investment was equivalent to 4.2 trillion, a large part of which came from Japanese pension funds, insurance and companies. After the Bank of Japan raises interest rates, this money will flow back to Japan. Due to the negative interest rate of the yen for 17 years, the US interest rate hike has further depreciated the yen, causing US, European and Asia-Pacific capital to borrow money in Japan to invest in the Japanese stock market, so you will see whether the Japanese stock market has soared recently?#加密市场反弹