According to TechFlame, July 29, HTX DeepThink columnist and HTX Research researcher Chloe (@ChloeTalk1) analyzed that the Bank of Japan will announce interest rate decisions this week. Japan and the US have previously reached a certain consensus on currency swaps and financial coordination. Coupled with signs of phased stabilization in Japan's domestic inflation, whether the central bank will fine-tune future interest rate hikes on this basis will become an important window for observing the polarization of monetary policy in Asia. If policy coordination between the US and Japan is further strengthened, it may push back the volatility of the yen and indirectly affect the risk structure of the foreign exchange market. As capital flows in Asia become more active, the liquidity of the East Asian crypto market is likely to heat up again, and user activity on

Hong Kong and South Korea trading platforms is also worth paying close attention to.

On Friday, the US Non-Farm Payroll Report (NFP) will be the “finale” of this round of macro data. Against the backdrop of a slowdown in private sector recruitment and a continued decline in the number of job vacancies, if the number of new non-agricultural jobs and wage growth both decline in July, it will be interpreted by the market as the economy begins to enter a “moderate cooling” phase, providing justification for the Fed's

subsequent policy shift.

In terms of inflation data, the US core PCE price index for June will also be released this week. Previously, both CPI and PPI showed signs of “moderate inflation”. If PCE continues to grow steadily, it will strengthen the market's bet on the path of interest rate cuts; however, if the core PCE is higher than expected, the time window for the inflection point of the policy will be delayed, thereby curbing the recovery in risk appetite. For the Bitcoin futures and options market, PCE data results will significantly affect implied volatility and delta hedging demand, and become a key trigger point for short-term Gamma trading strategies

.

Notably, this week is also a key window for earnings season for many big tech companies. Giants such as Microsoft, Meta, Amazon, Apple, and AMD will release financial reports one after another. These companies not only dominate global technology valuation anchoring, but also indirectly influence the overall capital flow of US stocks. The financial results will be an important signal to determine whether the profit cycle of US companies has bottomed

out, and will have a conductive effect on technology sector ETFs, the NASDAQ index, and even Bitcoin prices.