Crypto News

Let's take a closer look at this developing trend and what it could mean for both traditional and digital currency markets. JPY Hits Record Lows Against USD The Japanese Yen has been on a downward trend against the US dollar, reaching levels not seen since 2018. This has been attributed to a combination of factors, including the ongoing COVID-19 pandemic, low interest rates, and political uncertainty in Japan. As the world's third largest economy, Japan's currency plays a significant role in global markets and its recent decline has caught the attention of investors and analysts alike. Bitcoin's Correlation with JPY One of the most interesting aspects of the JPY's decline is its potential impact on Bitcoin. Historically, Bitcoin has shown a positive correlation with the Japanese Yen, meaning as the JPY weakens, Bitcoin tends to rise. This phenomenon has been observed in other major currencies as well, such as the USD and the Euro (EUR). The "Safe Haven...