Sources familiar with the matter: The U.S. Treasury Department has notified banks that it may intervene in the yen market as early as Friday.

As earnings season draws to a close, inflation, Federal Reserve policy uncertainty, and geopolitical tensions have returned to the market spotlight. Traders are increasing hedging positions targeting the overall volatility of the S&P 500, while demand for downside protection for the index is also rising. Goldman Sachs favors anti-dispersion trades, which involve betting on a rise in S&P 500 index volatility and a fall in individual stock volatility. This strategy reflects market expectations that macro risks may drive a rise in stock correlations, causing the index’s overall volatility to exceed that of individual stocks. Additionally, as the historically volatile August-to-September period approaches, investors are further boosting downside protection to prepare for potentially larger swings in the S&P 500.

According to market data from BIT (bit.com), US-listed storage stocks opened higher and then retreated. SanDisk dropped more than 2% after surging over 9% earlier; Micron Technology turned negative, having rallied more than 6% before; Western Digital’s gain narrowed to 3%, while SK Hynix and Seagate Technology’s gains shrank to around 1%.

According to market data from BIT (bit.com), Amazon (AMZN) surged 14%, notching its largest single-day gain since November 2022, and is currently trading at $268.5.

According to BIT (bit.com) market data, Apple (AAPL) dropped 9%, marking its largest decline since April 2025, and is now trading at $302.5.

US President Donald Trump said, "We will continue to take strong action against Iran."

Well-known trader Killa stated in a post that Bitcoin is unlikely to see the deep capitulation wick widely anticipated by the market, nor will it fall further to the $36,000–$48,000 range. He noted that in past bear cycles, Bitcoin typically forms three key lows, with the last two being the most critical. Bitcoin previously swept the $59,000 level, showing a minor bullish divergence, but failed to break lower with significant momentum afterward. If the market were indeed preparing to drop further toward $40,000, that decline would have already occurred, he argued. Killa believes Bitcoin is now clearly in an accumulation zone, with $57,000 acting as a key benchmark for the overall bottom. Prices could still dip briefly below this level, but a sustained plunge to the extreme lows the market expects is not anticipated. Historical trends support this view: Bitcoin has swept key lows as it did in every prior cycle, and the significance of this signal may be underestimated by the market.