Bitcoin News: Japanese Yen Pump Can Trigger Yen Carry Trade Unwinding, Will BTC Price Hold Up？

WikiBit 2024-09-11 21:09

The Japanese Yen (JPY) has surged to its highest levels against the USD this year in 2024 raising co

The Japanese Yen (JPY) has surged to its highest levels against the USD this year in 2024 raising concerns of the Yen carry trade unwinding. As the USDJPY currency pair weakens, BitMEX CEO Arthur Hayes has issued warning signals. During the last Yen carry trade unwinding, Bitcoin, along with global markets, experienced significant declines. Recently, Bitcoin has rebounded, finding support at $54,000 over the weekend, but concerns about a potential U.S. recession persist

Disclaimer：

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Related exchange

TRADE

Reputation Ratings

Polytrade | 2-5 years