Group 1 - The USD/JPY exchange rate has drawn significant attention as it broke below the psychological level of 140, declining by as much as 0.7% to reach 139.90, marking the strongest level since September of the previous year [1] - The strong movement of the yen is influenced by complex economic and policy backgrounds, including heightened market risk aversion due to the ongoing trade war initiated by Trump, leading investors to sell US assets in favor of safe-haven assets like the yen [3] - Technical analysis indicates that if the yen clearly breaks the 140 level or the mid-level of 139 reached in September of last year, it could trigger further buying of yen and selling of USD, accelerating the yen's appreciation [4] Group 2 - The rapid fluctuations in the exchange rate are viewed negatively by many in the economic community, as they increase operational risks for businesses and disrupt normal international trade [5] - Despite the USD/JPY not significantly declining after breaking the 140 level, the overarching theme of "selling America" persists, indicating ongoing concerns about the US economic outlook [5] - The Bank of Japan currently sees no need to change its gradual rate hike stance, although market expectations for a rate hike have shifted, with the likelihood of a rate hike by the end of the year now at 59% [5]

Group 1 - The core viewpoint of the articles highlights the increasing pressure on the US dollar and US assets due to President Trump's threats against Federal Reserve Chairman Jerome Powell, leading to a significant sell-off in dollar assets [1][2] - The US dollar index fell over 1% on the 21st, reaching a three-year low of 97.96, while the Swiss franc appreciated by 1%, marking a ten-year high against the dollar [1] - The yields on US Treasury bonds also rose, with the 10-year yield reaching 4.36% and the 30-year yield hitting 4.86% on the same day [1] Group 2 - Trump's comments about Powell, including calling him a political player and suggesting he should resign, have intensified market reactions and raised concerns among foreign investors regarding US assets [1][2] - Legal experts suggest that while it may be difficult for Trump to remove Powell, creating an impression of potential changes in the Federal Reserve's independence could impact market sentiment [2] - Hedge funds have been actively selling the dollar, with data indicating they have been the most bearish on the dollar since October of the previous year [2]