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```htmlGolden Ten Data reported on June 4 that options traders are increasing their hedges against large yen fluctuations over the next two weeks, preparing for the Bank of Japan's policy meeting and potential foreign exchange intervention by authorities to support the yen. The two-week USD/JPY butterfly option spread has risen to its highest level since October 2022, with the widening spread indicating mounting concerns about significant volatility in this currency pair. Despite Japan's record-breaking spending from April 28 to May 27 to support the yen, the currency remains under pressure, heightening speculation that authorities may intervene in the market again. Investors are also focusing on the Bank of Japan's June 15-16 meeting for clues on policy direction, as the substantial interest rate gap between the US and Japan continues to weigh on the yen. Moh Siong Sim, FX strategist at OCBC Bank Singapore, stated that with USD/JPY testing the 160 mark, the risk of intervention is undoubtedly the most closely watched issue.```

(1) Morgan Stanley equity strategists state that this year, Australia's economic growth will be slower than anticipated by the country's central bank. Following slightly weaker-than-expected growth in the March quarter, they forecast that for the rest of 2026, domestic demand will slow down under pressure from interest rate hikes, tax changes, and higher energy costs.(2) According to a report by the strategists, housing and consumption will be the first to bear the brunt of the slowdown in growth.(3) It is expected that by the end of this year, Australia's growth rate will decrease from 2.6% in 2025 to 1.2%.

BlockBeats News, June 4th, according to Hyperinsight monitoring, the Hyperliquid platform's main short seller "Abraxas Capital" has shorted HYPE through two addresses, realizing a profit of $9.2 million solely from funding rate settlements. Currently, the institution holds approximately $47.3 million HYPE spot on the exchange and about $63 million HYPE in short positions on the futures side. Across all short positions (including BTC, ETH, and other currencies), it has accumulated a total profit of $33.83 million through funding rate settlements, with the current total short position size at around $141 million. It is reported that Abraxas Capital's large short positions began accumulating since May last year and was once the largest whale in terms of contract funding on Hyperliquid, with short positions peaking at $920 million, resulting in a total profit of $301 million over the entire period.