BitMEX exchange founder and Maelstrom crypto fund CIO Arthur Hayes stated that the weakening Japanese Yen could induce liquidity and boost“I think that a USDJPY surge towards 200 is enough to put on the Chemical Brothers and “Push the Button.”
At the time of writing, USDJPY traded at $156. The USD has strengthened against the Yen in 2024, with a YTD performance of 10%.How a depreciating Yen could boost crypto For perspective, a dropping Yen means it will be cheaper for Japan to export more goods in bulk to the rest of the world. Such a move would make its exports very competitive compared to China’s.
According to Hayes, the US could intervene and strengthen the Yen by devaluing the USD by increasing its supply.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más: