🚨BIG BREAKING:📉📉📉🔥🔥🔥
USD is dumping against YEN, down 0.50% AT 154.95
🇯🇵Japanese Stock market will open in 8 min
A sudden 0.50% USD/JPY drop to 154.95, extending a 1.6% yen rally from prior sessions amid New York Fed rate checks signaling potential U.S. intervention to support the yen, a move not seen this century.
Historically, such coordinated actions like the 1985 Plaza Accord weakened the dollar by 50% over two years, boosting global liquidity and assets including gold and commodities, while Japan's solo efforts in 2022 and 2024 failed to sustain gains.
For crypto, yen strength risks short term carry trade unwinds like August 2024's Bitcoin plunge from $64K to $49K, but sustained dollar weakness favors long-term upside given Bitcoin's near record inverse USD correlation.
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