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The Bloomberg dollar spot index fell 0.6% on the 3rd (local time) to its lowest level since May, weakening against all G10 currencies after Fed Governor Christopher Waller pointed to progress on cooling inflation, with the yen leading gains at 2.1% versus the dollar. A softer dollar and firmer rate-cut expectations typically ease global funding conditions and support high-beta risk assets including BTC and ETH, while lower USD/JPY and a declining DXY reprice FX-hedged flows into US equities. The key caveat is the pace of yen strength: an abrupt carry-trade unwind can drain leverage from risk assets even as the dollar falls, so watch USD/JPY momentum and follow-through in front-end UST yields for confirmation.
As a Forex signal, watch whether it changes price action, volatility, or flows around JPY=X, BTC, GC=F.
Original Source: 블록미디어
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