The dollar has dropped sharply, increasing the likelihood of Trump "blinking" again.

Jin10 reported on April 11 that the US dollar faced a confidence shock, prompting significant surges in the euro, yen, and Swiss franc. The euro/USD reached an intraday high of 1.1474, which, although severely overbought, is insignificant in the current environment. After seeing the US 10/30-year yields reach 4.5%/5%, Trump "blinked" and retreated, resulting in stock dumping as well. This proves that reflexivity (mutual determination) is real, and the market can dictate outcomes, similar to the crisis caused by the UK mini-budget in 2022 that triggered panic reactions in the pound/UK bonds. With each decline in the US dollar, the likelihood of Trump "blinking" again increases. (Reuters market analyst)