💹 The Japanese yen’s sharp decline against the USD has historically been linked to risk-on sentiment and carry trades, which can boost assets like $BTC. However, experts warn that Japan’s mounting fiscal strain is changing the dynamics:

rising Japanese government bond yields and yen volatility make it less reliable as a funding currency or safe haven.

Yen weakness alone may no longer guarantee bullish sentiment for Bitcoin and risk assets

Macroeconomic realities are now the main driver.

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