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Yen Intervention Shakes Crypto Markets | Bitcoin and Crypto News
Description
Japan and the U.S. secretly bailed out the yen last Friday, pumping in billions to halt its plunge to 163.73 per dollar — a move that sent it rebounding to 157.57 by Friday night. Japan reportedly spent up to $36 billion, while U.S. involvement remained undisclosed. This intervention, aimed at calming wild trading rather than fixing long-term fundamentals, could disrupt crypto markets — especially yen carry traders who borrow cheap Japanese yen to chase higher returns elsewhere. With U.S. rates still far above Japan’s, the dollar remains magnetic, making these fixes temporary at best. The yen may have bounced, but the real story? Traders are still on edge.
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