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Japan's $73 billion currency intervention fails to stabilize the yen, raising questions about macro spillovers into crypto
Japan spent a record $73 billion to stabilize the yen but failed. The yen trades near 40-year lows, with implications for crypto via carry trade dynamics.
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fortune.com
The yen is quietly crashing as Japan’s debt crisis bleeds into currency markets, and efforts to halt the slide are 'doomed to fail,'…
"There’ll come a point when markets will just ignore intervention."
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cryptobriefing.com
Japan's yen slides to 40-year lows as debt crisis deepens, and crypto markets should be paying attention
Japan's yen hits 40-year lows near 162 per dollar as $73.5B in interventions fail. The yen carry trade poses major risks for Bitcoin and crypto markets.
