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Yen slides past 161 against the dollar, nearing 40-year low and reviving intervention bets
On Thursday the yen saw a sharp depreciation a high of 161.80, its weakest since July 2024.
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cryptobriefing.com
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.
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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.
