Japan's currency nightmare is back. $USD/$JPY pushing toward 160 again — same setup as the 2022 historic yen collapse.
The coordinated intervention? Didn't work. Gov tried to scare the market into reversing, but real demand is now driving yen selling pressure.
Oil product price pass-through has started. Structural supply-demand shifts in Japan = more real yen selling, not just speculation.
This isn't just FX noise. Macro matters for risk-on/risk-off across crypto. Weak yen = liquidity conditions tightening elsewhere. Watch how this plays into $BTC and broader risk appetite.
The coordinated intervention? Didn't work. Gov tried to scare the market into reversing, but real demand is now driving yen selling pressure.
Oil product price pass-through has started. Structural supply-demand shifts in Japan = more real yen selling, not just speculation.
This isn't just FX noise. Macro matters for risk-on/risk-off across crypto. Weak yen = liquidity conditions tightening elsewhere. Watch how this plays into $BTC and broader risk appetite.