Co-founder of BitMEX, Arthur Hayes, has just attracted significant attention from the financial community by offering noteworthy insights into monetary policy surrounding the USD/JPY exchange rate pair. By dissecting the actions of the U.S. Department of the Treasury and the macroeconomic impact from the Japanese yen, he points out how the upcoming liquidity wave could become a lever to drive Bitcoin into a new growth cycle.
Article content
Expand / Collapse
The USD/JPY exchange-rate intervention plan and the scenario of the Fed returning to the “money printer”
Cash flows into the Crypto market: Bitcoin is poised for a breakout
The USD/JPY exchange-rate intervention plan and the scenario of the Fed returning to the “money printer”
According to the latest macro analyses, the monetary strategy of the U.S. Department of the Treasury (under the guidance of Secretary Scott Bessent) is focusing on controlling the exchange rate between the U.S. dollar and the Japanese yen. The Japanese yen is currently at the lowest valuation worldwide, creating significant economic pressures for both the U.S., China, and Japan. To resolve this tension without causing the bond market to collapse, the U.S. Federal Reserve (Fed) may use tools such as the FIMA Repo Program or create new bank reserves to purchase yen.
This process implies that the Fed will “restart the money printer,” directly expanding the balance sheet through assets valued in foreign currencies. Whether in the form of technical support or liquidity management, the essence of this action remains injecting a fresh amount of USD into the global market.
Cash flows into the Crypto market: Bitcoin is poised for a breakout
Market history has shown that whenever the Fed’s balance sheet expands and USD liquidity increases, highly risky assets with a fixed supply such as Bitcoin are always the biggest beneficiaries. The upcoming liquidity intervention is expected to redirect cash flows directly into the crypto asset ecosystem.
When fiat money (Fiat) is diluted by covert liquidity injections to rescue the exchange rate, global investors tend to seek safe-haven channels against inflation. The fact that central banks are returning to the cycle of monetary easing is the most important macro catalyst, laying a solid foundation for Bitcoin to reclaim its all-time high price levels and enter the next phase of a surge.
Disclaimer
Pursuant to Resolution No. 05/2025/NQ-CP dated 9/9/2025 of the Government, all information on Emacrypto.com is for reference only and does not constitute financial advice or investment advice. Investors need to conduct their own research
Source; https://emacrypto.com/lan-song-bom-thanh-khoan-moi-tu-my-nhat-va-don-bay-cho-bitcoin/