Bitcoin 
Ethereum 
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BNB 
USDC 
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TRON 
Lido Staked Ether 
Figure Heloc 
BNY Strategist Geoff Yu highlights that CNY initially behaved like a secondary safe haven during the conflict, with strong performance and managed volatility, while flows showed an inverse relationship with CGB holdings.
💡 DMK Insight
CNY’s recent performance as a secondary safe haven is a game changer for forex traders. With the ongoing conflict, the Chinese Yuan’s strength and managed volatility suggest that traders should reassess their positions, especially those holding CGBs. The inverse relationship between CNY flows and CGB holdings indicates that as CNY gains traction, CGBs might face downward pressure. This dynamic could lead to significant shifts in trading strategies, particularly for those focused on risk-off assets. Watch for any further geopolitical developments that could impact this trend, as they might create opportunities for short-term trades or longer-term positioning in CNY against other currencies. Keep an eye on key levels in CNY pairs, as a sustained rally could signal a shift in market sentiment towards the Yuan as a viable alternative to traditional safe havens like the USD or JPY.
📮 Takeaway
Monitor CNY’s performance closely; a sustained rally could shift trading strategies, especially against USD and JPY, amid ongoing geopolitical tensions.
