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The yen slid through the 160 line against the dollar on the 2nd, trading at 160.25-160.30 and marking its weakest level in roughly a month, which implies the late-July joint US-Japan intervention has largely lost its grip. A weaker yen keeps carry-trade funding cheap and supports risk assets including BTC and ETH at the margin, but it also raises the tail risk of a disorderly unwind if Tokyo intervenes again or the BOJ signals a faster rate path. Watch for verbal warnings from the Ministry of Finance near 161-162, BOJ commentary on rate hikes, and US Treasury yields, since a narrowing US-Japan spread is the condition that would flip the USD/JPY trend and pressure leveraged risk positions.
As a Forex signal, watch whether it changes price action, volatility, or flows around JPY=X, KRW=X, BTC.
Original Source: 블록미디어
This page is market information analysis, not investment advice.
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