Good evening, brothers!
The southern wind rises at night, and the wheat fields turn yellow.
"Time to go home and harvest the wheat!"
Filled with the urgency of the busy farming season and the longing for home,
The land never lies,
What you plant, you harvest,
Parents still adhere to their beliefs.
The sands of time slip through the fingers,
In the blink of an eye, it becomes a distant rumbling concern…
Dad started taking medication for high blood pressure yesterday,
He said there hasn't been much relief,
I'll take him to see the doctor again tomorrow,
Hope everything is okay.
……
Japan has urgently intervened to stabilize the bond market, temporarily easing the storm of Japanese bond sell-offs, but the crisis has not truly been resolved. With the major Japanese life insurance companies facing huge losses, will they reach the point of selling off?
Following the impact of U.S. bonds on Taiwan's life insurance industry, Japan's four major life insurance companies reported massive losses, with a paper loss of up to 85 trillion yen in the last fiscal year, equivalent to about 60 billion dollars, a threefold increase year-on-year.
Moreover, life insurance companies across Asia are facing billions of dollars in paper losses, while Japanese life insurance companies face the additional risk of further interest rate hikes from the central bank.
The underlying issue is the mismatch in durations; Japanese life insurance companies hold a large amount of ultra-long-term government bonds, such as 30-year and 40-year Japanese bonds. With the sharp decline in Japanese long-term government bonds and rising interest rates, Japanese insurance companies are facing significant paper losses; meanwhile, Taiwan's life insurance industry has invested heavily in U.S. bonds and is hurriedly reducing or hedging its dollar exposure as the New Taiwan dollar appreciates.
BTC: On the 4-hour chart, the price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy.
On the daily chart, the price continues to stay above the moving averages, and the price trend remains healthy.
In summary, the support level is 109700, and the resistance level is 110000.
ETH: On the 4-hour chart, the price has risen above the upper band of the Bollinger Bands, indicating a short-term overbought condition; it may be appropriate to reduce positions and take profits. The support level is 2620, and the resistance level is 2650.
LTC: The price continues to fluctuate near the middle band of the Bollinger Bands, with a support level of 94 and a resistance level of 96.
BCH: The price continues to fluctuate near the middle band of the Bollinger Bands, with a support level of 410 and a resistance level of 430.
That's all for now, good night!
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