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Yen Surge Impacts Bitcoin Gains | Bitcoin and Crypto News
Published 1 day, 9 hours ago
Description
Bitcoin surges in dollar terms but lags in yen pairs as Japan’s yen strengthens unexpectedly—driven by Bank of Japan intervention fears and U.S. rate differentials. The yen-Bitcoin correlation remains strong, hinting Bitcoin could benefit from a stronger yen long-term. Meanwhile, Japan’s GPIF is being pressured to shift toward domestic assets, a move that could shake global markets given its massive scale.
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