On June 5, the Nikkei index broke through 32,000 points, a new high in 33 years, the Nikkei index's surge in the dollar's liquidity is still having an impact on the global economy and asset pricing, in the long run, the Fed's pace of interest rate hikes is suspended, if the shift to the interest rate cut cycle, the yen or a sharp appreciation。Based on this situation, there is speculation that the entry of U.S. capital into the Japanese stock market is more like a pre-harvest binge。