No More Bitcoin Trading?
Dollar has once again dropped as China government started thinking about reducing or freezing its buying of US Treasuries. But, the shocking thing was that the news were denied. Japanese Yen maintains the position of the strongest and yields keep rising after BoJ reduced its long-dated bond purchases and some thought it was a first step in the stimulus exit.
Investors are waiting for the earnings data to find some hints over Fed policy this year as well as to see the outcomes of the tax reform. Meanwhile, Bitcoin is soft, trading near 10%, reflecting news that South Korea might ban cryptocurrency trading. If other countries follow suit, cryptocurrency market will be nearly ruined.