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ANZ: (Regarding oil) Physical supply and demand will remain tight, inventory rebuilding will be slow, and the geopolitical risk premium may persist.

BlockBeats news, on June 19, according to Reuters, despite the Bank of Japan raising interest rates last week to the highest level in 31 years and the Japanese Ministry of Finance intervening in the foreign exchange market multiple times this year, the yen remains near a 40-year low against the US dollar. On Friday, the USD/JPY exchange rate was 161.12, not far from the two-year high previously reached. The new US Federal Reserve Chairman Kevin Warsh's hawkish stance continues to push the dollar higher, while Japan's core inflation has been below the Bank of Japan's 2% target for four consecutive months, weakening market expectations for further rate hikes. Meanwhile, Japanese Prime Minister Sanae Takaichi's fiscal spending plans are also raising concerns about fiscal conditions. DBS Bank stated that even after the Bank of Japan's rate hike this week, short positions on the yen in the market have yet to be significantly reduced, and Japan's tolerance for yen depreciation is approaching its limit. The market anticipates that when the USD/JPY exchange rate nears the 161.95 level, the Japanese Ministry of Finance may intervene in the exchange rate once again. At the same time, CME FedWatch data shows the probability of the US Federal Reserve raising interest rates by 25 basis points in July has risen to 38.5%, a sharp increase from 8% a week ago, further reinforcing expectations of a strong dollar.

BlockBeats News, June 19th, according to Reuters, despite the Bank of Japan raising interest rates to the highest level in 31 years last week and the Japanese Ministry of Finance intervening in the foreign exchange market multiple times this year, the yen against the dollar still hovers near a nearly 40-year low. On Friday, the dollar against the yen was at 161.12, not far from the two-year high touched earlier. The newly appointed Federal Reserve Chair, Kevin Warsh, hawkish stance continues to push up the dollar, while Japan's core inflation has been below the Bank of Japan's 2% target for the fourth consecutive month, weakening market expectations of further rate hikes. At the same time, Japanese Prime Minister Taro Aso's fiscal spending plan has also raised concerns in the market about the fiscal situation. DBS Bank stated that after the Bank of Japan raised interest rates this week, short yen positions in the market have not been significantly covered, and Japan's tolerance for yen depreciation has almost reached its limit. The market expects that when the dollar against the yen approaches the 161.95 level, the Japanese Ministry of Finance may intervene in the exchange rate again. Meanwhile, CME FedWatch data shows that the probability of a 25 basis points rate hike by the Fed in July has risen to 38.5%, a significant increase from 8% a week ago, further strengthening expectations of a strong dollar.