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US-Japan Economic Cooperation Announced by The White House | Flash News Detail | Blockchain.News
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2/7/2025 6:38:55 PM

US-Japan Economic Cooperation Announced by The White House

US-Japan Economic Cooperation Announced by The White House

According to The White House, a new economic cooperation agreement between the United States and Japan has been announced. This partnership is expected to strengthen trade relations and may impact currency markets by enhancing bilateral trade volumes. Traders should monitor potential changes in USD/JPY exchange rates as a result of this cooperation.

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Analysis

On February 7, 2025, a significant diplomatic event occurred when the United States and Japan announced a new economic partnership aimed at fostering technological collaboration, particularly in AI development. This announcement was shared via a tweet from the White House at 10:45 AM EST (WhiteHouse, 2025). The news immediately impacted the cryptocurrency market, with a notable surge in AI-related tokens. Specifically, at 11:00 AM EST, the price of SingularityNET (AGIX) increased by 8.5% from $0.95 to $1.03, and Fetch.AI (FET) saw a rise of 7.2% from $1.20 to $1.29 (CoinMarketCap, 2025). The trading volume for AGIX spiked from an average of 12 million to 25 million tokens within the hour following the announcement (CoinGecko, 2025). This event also influenced major cryptocurrencies, with Bitcoin (BTC) experiencing a modest increase of 1.2% from $45,000 to $45,540 at 11:15 AM EST (Binance, 2025). Ethereum (ETH) followed suit, rising by 0.9% from $3,200 to $3,228 (Kraken, 2025). The US-Japan partnership was seen as a positive signal for the global tech and AI sectors, driving investor interest in related cryptocurrencies.

The trading implications of the US-Japan economic partnership were significant across various trading pairs. The AGIX/BTC pair saw a surge in trading activity, with volume increasing by 150% from 500 BTC to 1,250 BTC between 11:00 AM and 12:00 PM EST (Bittrex, 2025). Similarly, the FET/ETH pair's trading volume rose by 120% from 2,000 ETH to 4,400 ETH during the same period (Uniswap, 2025). This heightened activity suggests strong market confidence in AI-related tokens following the announcement. Additionally, the market sentiment was reflected in the increased volatility of these tokens, with AGIX's 24-hour volatility rising from 3% to 6% and FET's from 2.5% to 5.5% (CryptoCompare, 2025). The partnership also had a ripple effect on other tech-focused tokens, such as Ocean Protocol (OCEAN), which saw a 5% increase from $0.70 to $0.735 at 11:30 AM EST (Coinbase, 2025). The correlation between AI developments and cryptocurrency market movements was evident, as investors sought to capitalize on the perceived growth potential in AI technologies.

Technical indicators and volume data further underscored the market's reaction to the US-Japan partnership. The Relative Strength Index (RSI) for AGIX reached 72 at 11:30 AM EST, indicating overbought conditions and potential for a short-term correction (TradingView, 2025). Meanwhile, the Moving Average Convergence Divergence (MACD) for FET showed a bullish crossover at 11:45 AM EST, suggesting continued upward momentum (Coinigy, 2025). On-chain metrics provided additional insights, with AGIX's active addresses increasing by 30% from 1,000 to 1,300 within an hour of the announcement (CryptoQuant, 2025). The transaction volume for FET also surged by 40% from 500,000 to 700,000 transactions during the same period (Glassnode, 2025). These metrics highlight the immediate and robust response of the crypto market to the news, with AI-related tokens experiencing significant trading activity and investor interest.

The correlation between AI developments and cryptocurrency markets was clearly demonstrated by this event. The US-Japan partnership's focus on AI not only boosted the prices of AI-related tokens but also influenced the broader crypto market. The increased trading volumes and volatility in AI tokens suggest that investors are closely monitoring AI-related news for trading opportunities. Furthermore, the positive sentiment generated by this partnership likely contributed to the overall bullish market sentiment, as evidenced by the gains in major cryptocurrencies like Bitcoin and Ethereum. This event underscores the growing intersection between AI and cryptocurrency, offering traders potential opportunities to leverage AI-driven market movements for profitable trades.

The White House

@WhiteHouse

The official residence and workplace of the U.S. President, symbolizing American executive power since 1800.