READ THIS TILL THE END

USD JPY has just crossed a Danger Level
Today USDJPY pumped above 160 for the first time since July 2024
This does look like a nothing burger until you remember what happened last time
In July 2024 USDJPY crossed 160
Bank of Japan intervened by selling dollars and buying Yen
This made Yen stronger and caused Yen Carry Trade unwind
For those who dont know Japan has been a cheap source of funding for global investors due to low yield
This started to change in 2024 when BOJ did first rate hike
When a rate hike happens Yen usually gets stronger which causes investors to pay more on their debt
And thats exactly what happened in July 2024 when yen strengthened after BOJ intervention
In 3 4 weeks USDJPY dropped almost 13 percent which forced investors to sell their assets
During this timeframe Bitcoin crashed almost 30 percent while S and P 500 dumped 10 percent
Now if BOJ intervenes again a similar story could repeat
Pray for Crypto
usd jpy news crypto
#WinGoldBarsWithGrowthPoints #BitcoinWeakens
$USDJPY ‌