Macro· ★★★· bearish·

Japan accelerates US Treasury sales: strong yen risk for bitcoin

  • —Record Japanese bond yields are pulling capital back home
  • —Japanese selling of US debt is squeezing the yen carry trade
  • —Yen strength has historically coincided with risk-off moves
Why it matters: Unwinding of the yen carry trade has repeatedly triggered sharp crypto selloffs; a stronger yen is a risk for bitcoin.
#BTC
Source: CriptoNoticias
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