BlockBeats News, March 31st, according to Hyperinsight monitoring, under multiple factors, the USD/JPY exchange rate is approaching the 160 level: crude oil price rise and US dollar strength, combined with Tokyo CPI growth rate falling to a nearly 4-year low, market expectations for the Bank of Japan to raise interest rates have cooled, and the yen is under pressure and weakening.
On Hyperliquid, the whale with an address starting with 0x58c significantly increased its long position on USD/JPY (US dollar/Japanese yen) today, with some minor reductions during the period, but the overall position increased by about 16%, betting on the exchange rate breaking through the 160 level.
Currently holding a 27x leveraged USD/JPY long position, with a scale of $1.13 million, an average opening price of $159.89, a liquidation price of $154.77, and a small floating loss of 4.2%.
