๐จ Japan crash incident:
The US dollar exchange rate against the Japanese yen fell today by approximately 1.4% without any major news, which often happens when the Bank of Japan intervenes.
But why should you care?
The yen has represented a low-cost source of liquidity in global markets.
When the Bank of Japan intervenes to make the yen stronger, it forces investors to sell their assets in order to buy yen again.
Currently, an estimated $6 trillion is involved in yen trading, and even a small portion of liquidation could trigger a collapse across all markets$BTC
$ETH
$SOL
#JapanCrypto #BTC #ETH
The US dollar exchange rate against the Japanese yen fell today by approximately 1.4% without any major news, which often happens when the Bank of Japan intervenes.
But why should you care?
The yen has represented a low-cost source of liquidity in global markets.
When the Bank of Japan intervenes to make the yen stronger, it forces investors to sell their assets in order to buy yen again.
Currently, an estimated $6 trillion is involved in yen trading, and even a small portion of liquidation could trigger a collapse across all markets$BTC
$ETH
$SOL
#JapanCrypto #BTC #ETH