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Bitcoin and Yen Defy Carry Trade | Bitcoin and Crypto News
Description
Bitcoin’s wild ride this year defies old-school finance: it’s moving inversely to the dollar-yen exchange rate, breaking the “carry trade” playbook that once said a weaker yen should fuel crypto gains. While data shows a near-perfect negative correlation, experts suspect it’s not Bitcoin chasing the yen—but both being dragged down by the rising U.S. dollar. Don’t bet your portfolio on this correlation alone—market forces are pulling the strings.
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