#油价突破110美元 Due to the difficulty in easing the US-Iran standoff, Brent crude oil prices have once again broken through the $110 mark. In the past, whenever it reached this level, Trump would intervene verbally, attempting to cool the market. Therefore, a bullish strategy for the day should be approached with caution. Meanwhile, Powell's attempt to stay at the Federal Reserve has triggered US bond yields to reach a new 10-month high, which could also face retaliation from Trump, leading to adjustments in market interest rate expectations. As a result, recent days require close attention to the momentum of news-driven breakout reversals. Considering the recent weakness of the US dollar relative to crude oil, intraday trading should prioritize bullish gold and bearish US dollar positions. In currency pairs involving the dollar, focus mainly on the Japanese yen. Since USD/JPY has reached the 160 level, a pullback would be seen as Japanese government intervention, potentially triggering a stampede-like decline. Currently, only US tech stocks are expected to benefit from multiple positive factors such as tech earnings reports, falling oil prices, and declining interest rates, so a long position should be maintained for the day. However, caution is needed regarding core PCE data; if it exceeds expectations, it could trigger another round of US dollar appreciation and US stock declines.