According to CoinMeta, BlackRock stated that the United States decided to sell euros in order to support the Japanese yen exchange rate without prior notification to European policymakers. This move has exacerbated geopolitical risks and further weakened the attractiveness of long-term government bonds. James Turner, who is in charge of BlackRock's global fixed-income business in Europe, the Middle East, and Africa, pointed out that although the intervention in the yen is unlikely to directly affect European government bonds, this unexpected move indicates a slight decline in cooperation between countries. He said, "At present, we are very reluctant to invest in long-term bonds because of the large fluctuations in this segment of the sovereign bond yield curve. Given the ongoing geopolitical risks and the uncertainty at the long end, we do not wish to take on the risk of duration premium."