Yen just spiked hard vs USD. No confirmation yet if Japan stepped in or if this is organic panic.
Watch $BTC correlation here. When JPY strengthens fast, risk-off flows usually hit crypto. Liquidity could dry up short-term.
If Japan actually intervened, expect more volatility. They've been bleeding reserves defending the yen all year.
Watch $BTC correlation here. When JPY strengthens fast, risk-off flows usually hit crypto. Liquidity could dry up short-term.
If Japan actually intervened, expect more volatility. They've been bleeding reserves defending the yen all year.