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Yen Intervention Fades Fast: USDJPY and Bitcoin Face Carry Trade Risk

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • US and Japan jointly bought yen for the first time since 1998, but gains reversed quickly.
  • Wide Fed-BOJ rate gap keeps carry trade alive, risking yen weakness and pressure on crypto assets funded by cheap yen.
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USDJPY price history

154.83 -1.28% over the displayed period

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