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Yen falls to weakest level against US dollar since July 2024, raising crypto contagion risk
The Japanese yen hit 160 per dollar, its weakest since July 2024. Here's why yen carry trade risks could trigger volatility in Bitcoin and crypto markets.
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cryptobriefing.com
Speculators raise bets against yen to nine-year high ahead of Bank of Japan rate hike
Yen short positions hit a nine-year high at -145.8K contracts ahead of the BOJ's expected rate hike to 1.0%, reviving carry trade risks for crypto and
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Yen tumbles to 31-year low as Bank of Japan faces challenges
The Bank of Japan raised its benchmark rate to 1%, a 31-year high, as the yen weakens to 160 per dollar. Japan also approved its first yen stablecoin, JPYC.
