🚨 $USD/$JPY just hit 158
Yen getting absolutely demolished. BOJ still sleeping while the Fed holds rates high.
This matters for crypto:
• Stronger dollar = short-term pressure on risk assets
• Japanese retail has historically been massive crypto buyers
• Yen weakness could push more Japanese capital into $BTC as inflation hedge
Watch for potential BOJ intervention around 160. That could trigger volatility across all markets including crypto.
Yen getting absolutely demolished. BOJ still sleeping while the Fed holds rates high.
This matters for crypto:
• Stronger dollar = short-term pressure on risk assets
• Japanese retail has historically been massive crypto buyers
• Yen weakness could push more Japanese capital into $BTC as inflation hedge
Watch for potential BOJ intervention around 160. That could trigger volatility across all markets including crypto.
