The market value of BlackRock's Ethereum ETF in spot trading reaches 569 million US dollars

Market news, Deutsche Bank stated that the yen may give back its recent gains as markets could digest expectations of US interest rate cuts, but it will be harder to digest further expectations of Japan's rate hikes.

In a report, Deutsche Bank currency analyst Volkmar Baur pointed out that Monday's market turbulence led to an overestimation of bets on US interest rate cuts. This means these expectations might be adjusted.

Meanwhile, data on Tuesday showed that Japanese households remain cautious and it would be difficult to boost enough total demand to keep inflation at 2%. Therefore, it will be hard for the Bank of Japan to achieve its desire for a sustained cycle of interest rate increases.