As follows:
On the first, will Bank of Japan Governor Haruhiko Kuroda announce another interest rate hike during the last window period of the central bank meeting?
On the second, the U.S. PPI will be released on Tuesday evening at 21:30. Last week's non-farm payrolls significantly exceeded expectations, eliminating the expectation of interest rate cuts. Now it all depends on whether the PPI data can salvage the current cryptocurrency market.
On the third, the U.S. debt ceiling will expire. Even if the debt ceiling issue is resolved, the U.S. government will issue bonds, absorbing most of the funds in the market, leading to liquidity exhaustion in the cryptocurrency space. However, U.S. bank reserves have already fallen to the lower limit. If liquidity is released again with the debt ceiling, the Federal Reserve is likely to end its balance sheet reduction to rescue the market.
In the fourth week, the most important data from the United States reflecting inflation, the CPI, is about to be released, which directly relates to the Federal Reserve's interest rate decisions. Due to last year's low CPI base, there is a high probability of a rebound next week, leading to negative implications.