Assessing how China’s strategic moves are challenging Trump’s crypto plans
Is the global economic order shifting? Lately, many economies are questioning the U.S dollar’s dominance (DXY) as inflation erodes other currencies, like the Japanese Yen (JPY) hitting multi-year lows.
From a technical perspective, the JPY/DXY ratio has logged four straight yearly drawdowns, dropping by roughly 35% to 0.06 – A level last seen in the late 1980s, pushing Japan into a renewed economic crisis today.
Against this backdrop, it’s not surprising that China appears to be acting early to limit broader fallout, with its U.S Treasury holdings falling to an 18-year low of $686.6 billion in November 2025.
Source: TradingEconomics
In practical terms, falling Treasury holdings usually point to less dependence on U.S…
