The Market'S Risk Aversion Has Picked Up Again, And The Yen Has Not Been Strengthened.

The US dollar / yen rebounded last week after being blocked by the 115 pass. It almost touched the 111 barrier yesterday, but then rebounded strongly and rose. On Thursday, the exchange rate further rebounded, hitting a new high in the afternoon. Now it is reported that 112.55.

Technically, in early February.

It was also supported at the 111 pass, and yesterday's rally led to the possibility of forming a double bottom in the short term. However, it is necessary to break through the key barrier of the 115 pass to get further rebound space, otherwise it is only the low range shock.

Morgan Stanley said overnight

It will continue to boost the yen, but we need to be vigilant against the BOJ's efforts to prevent the dollar / yen from falling.

Hara Jo, chairman of the Federation of Japanese economic organizations, said (Sadayuki Sakakibara)

The high exchange rate will have a direct impact on corporate profits.

In addition, the recent government officials in Japan clearly show that they do not welcome the excessive appreciation of the yen. The 110 pass is probably the critical level to start the intervention.

The yen has risen nearly 7% so far in February and has risen 6.5% so far in 2016.

Kathy Lien, chief foreign exchange analyst at BK Asset Management, said 111.00-111.50 might be the intervention area of the Bank of Japan.

Many Japanese firms are hedging their positions in the US dollar to 115 yen, which means their positions have long been swallowed up by the strength of the yen.

If 110 is broken down, it will be a disaster for corporate profits.

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Bitcoin prices fell sharply on Thursday (February 25th), and rebounded sharply after yesterday's concussion.

The price quoted by BITSTAMP showed that bitcoin / dollar (XBT/USD) fell to near 411 yesterday, and then rebounded sharply to 423 from that point. After the Asian market opened high, it withdrew to 420.

KRAKEN's offer showed that the bitcoin / euro (XBT/EUR) first slowed down to below 375 yesterday, and then rebounded sharply to 384 from that point. After the Asian market opened high, it fell to 381.

The price quoted by the fire net shows that the price of bitcoin / RMB first declines to 2730 on Wednesday, then rebounded upward from that point, and the Asian market opened up to 2838 at the beginning of the trading day, and then withdrew to 2795 near that point.

On the industry side, on Tuesday (February 23rd), financial Hakka coffee organization, financial Hakka people embracing the activities of the financial elite social platform, first entered the biggest coin trading platform in China, and explored the mystery of the bitcoin industry and the future development of the block chain technology.

For bitcoin, Li Lin, the founder of the fire money, is cautiously optimistic. He thinks bitcoin is a no money currency and its properties are similar to gold.

But compared with gold, bitcoin eliminates the need for technical validation, inventory, storage process, the cost of ineffective.

Li Lin believes that the current payment storage system is composed of many organizations and huge infrastructure systems. Today, in the Internet age, the system actually sacrifices technical efficiency, and the use cost is very high.

The technological advantages of the block chain will bring about the centralization of the value, which may impact on various fields, including finance.