On June 21, the foreign exchange market fluctuated this week with the dollar index remaining stable, reaching a three-week high against the Japanese yen, reflecting the market's comprehensive response to the easing of tensions between Iran and Israel and the potential shift in Federal Reserve policy. Fed Governor Waller expressed support for a potential rate cut as early as July, and Powell will testify before Congress next week, with his tone potentially driving short-term dollar and asset price trends. The Bank of Japan remained on hold, but economists estimate the likelihood of a rate hike before autumn has increased. The Bank of England maintained its interest rate with a 6:3 vote, reflecting growing internal divisions. Positive signals emerged from Middle East negotiations, but the market remains cautious about trade war and inflation risks, with the monetary policy of multiple central banks becoming a key focus.
Bitunix analysts suggest: Powell's testimony and geopolitical news next week may become volatility triggers, and investors are advised to wait for direction confirmation before making plans. BTC support is at $103,300-$102,700, still maintaining the short-term upward trend.
