Despite the interest rate hike by the Bank of Japan, the yen continues to lose value against the dollar. Analysts believe that monetary policy alone may not be sufficient. Authoritative sources state that they will intervene directly in the market if necessary. This development reveals how effective global liquidity conditions are and the limitations of central banks. The strength of the dollar and global risk appetite appear to be more decisive than traditional monetary policy tools. In the crypto asset market, the movement of macroeconomic factors in this way may trigger protective purchases.