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Bitcoin Chops Around $64K, Japanese Yen’s Tumble May Signal ‘Currency Confusion’, Says Analyst



The yen’s devaluation has yet to affect the crypto market, but that could change if the BOJ moves to boost the currency, Noelle Acheson, analyst and author of the Crypto Is Macro Now report, said in an email interview. A possible intervention means the BOJ will sell US dollar assets (US Treasuries) to buy the yen, and a weaker greenback could theoretically help crypto prices, she added.

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