Recently, the "wool shearing" of the United States has shifted from Europe to the Asia-Pacific region! The crazy US dollar index and aggressive interest rates have directly impacted the stock and foreign exchange markets in the Asia-Pacific region!

Asian currency exchange rates have fallen sharply:

The Japanese yen has continued to fall below the 154 integer mark against the US dollar, hitting a 34-year low for 5 consecutive trading days, the lowest since 1990!

The South Korean won fell to its lowest level since November 2022 against the US dollar;

The Indonesian rupiah exchange rate has fallen to its lowest level in the past 4 years against the US dollar;

The Vietnamese dong exchange rate has fallen to a historical low!

Feeling the taste of 1997? At the same time, stock markets in the Asia-Pacific region have also fallen, whether it's the Nikkei Index or the Korea Composite Stock Price Index. As the speed of currency depreciation accelerates, #BTC may be the best asset protector!

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