According to Omkar Godbole (@godbole17), the $CNHJPY and $JPYINR currency pairs are currently among the most important macro indicators, signaling shifts that could influence global risk appetite and capital flows. These forex pairs often correlate with changes in liquidity conditions that directly impact cryptocurrency market volatility and trading opportunities. Traders should monitor these pairs closely for early signs of trend reversals or risk-on/risk-off sentiment, which can lead to significant price movements in major cryptocurrencies such as BTC and ETH. Source: @godbole17 on Twitter

According to The Kobeissi Letter, the sudden shift from tariffs being 'refunded' back to April 5th to the absence of a tariff exception announcement within 48 hours highlights significant market uncertainties. Traders should closely monitor official communications for clarity, as such discrepancies can impact import costs and trading strategies, particularly in commodities and goods markets. The rapid change in narrative might also affect currency pairs influenced by international trade policies (Source: The Kobeissi Letter).