Yen Plunge May Signal 'Currency Turmoil' as Bitcoin Falls to $64,000
The Japanese Yen fell to its lowest level against the US Dollar since 1990 on Friday, with Bitcoin holding around $64,000 as a number of torrents fell. The Japanese Yen (JPY) fell another 1.3% on the day after the Bank of Japan (BOJ) kept interest rates at near-zero levels, a huge swing for the major currencies and indicative of concerns about currency weakness. Meanwhile, continued solid economic growth and high inflation in the United States are dashing hopes for monetary easing this year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
An exchange: Bitcoin funding rates declining indicates real buying interest
Alkane Resources declares first-ever final dividend of 2 Australian cents a share for FY2026
Webull publishes transcript of Q2 2026 earnings call
Meme Express: WAGIE market capitalization on BSC surpasses $900,000
Crypto prices
More
