This week's macroeconomic data is intensive, with a focus on the US non farm payroll on 12/16 and the Bank of Japan's decision on 12/18-19, and fluctuations are expected to be significant. I think the biggest uncertainty is Japan's interest rate hike. Although the market almost 100% expects a 25bp hike, arbitrage trading deleveraging is definitely bearish in the short term and cannot be fully priced in advance. Because even if the power is not as strong as the black swan that unexpectedly raised interest rates in Japan last year, we can only see how many similar leveraged positions there are now, where they are, and how big they are played afterwards. The only thing we can do is to reduce leverage and wait patiently. By the way, MSX's recent Christmas event has been launched, with prizes including iPhone 17 PM, gold bars, US stock tokens, and more, which can be redeemed by both new and old users. New users: If the first RWA spot payment is ≥ $100 or the first RWA contract is ≥ $1000, they can qualify for scratch off once; Old users: After registration, if the daily trading volume is ≥ $100000, a maximum of 10 sprint cards can be accumulated. If you are already engaged in US stock/RWA related trading and want to place an order anyway, it's better to take some extra profits. Event Registration https://(msx.com)/christmas-event/? code=snSd88