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Hawkish Bank of Japan comments hinting at a potential 50 basis point hike or consecutive rate increases triggered a sharp yen rally. USD/JPY plunged toward 155, raising concerns that an unwinding yen…
Bitcoin rallied over 5% to surpass $81,000, driven by broad US Dollar weakness following suspected Bank of Japan currency intervention. While dollar downside supports crypto, market participants moni…
The U.S. and Japan conducted a coordinated currency intervention to support the Yen, marking the first such action in 15 years to curb rapid Yen depreciation.