The Japanese Yen has strengthened against the USD in 2024, raising concerns of the Yen carry trade unwinding. BitMEX CEO Arthur Hayes has issued warnings as the weakening USDJPY currency pair could affect Bitcoin and global markets. Although Bitcoin has rebounded to $54,000, concerns about a potential U.S. recession remain.
- Content Editor ( coingape.com )
- 2024-09-11
Bitcoin News: Japanese Yen Pump Can Trigger Yen Carry Trade Unwinding, Will BTC Price Hold Up?