# USD/JPY Articles associés

Le Centre d'actualités HTX fournit les derniers articles et analyses approfondies sur "USD/JPY", couvrant les tendances du marché, les mises à jour des projets, les développements technologiques et les politiques réglementaires dans l'industrie crypto.

How Could the Strengthening of the Japanese Yen Affect Bitcoin?

The Japanese yen recorded its largest daily gain against the US dollar after the USD/JPY pair reversed from a recent high near 164.00. This suggests movements in the yen can impact global financial conditions, including Bitcoin. On the daily chart, the USD/JPY reversal followed a multi-month rally. Intense selling erased several days of gains, pushing the pair below 160.00 before a recovery to around 160.59. Despite signs of demand at lower levels, the failed attempt to hold above recent highs indicates weakening bullish momentum. The yen strengthened by as much as 3%, pulling the dollar down to an intraday low of 158.34. Analysts note the move's scale and unusually high trading volumes resemble past intervention episodes. Market focus is now on the Bank of Japan's signals and interest rate outlook, with hawkish cues potentially supporting further yen strength. A stronger yen could create short-term selling pressure on Bitcoin, particularly if investors unwind carry trades funded by cheap yen borrowings. However, if sustained yen strength lowers Japanese government bond yields and improves global liquidity, it could eventually foster more favorable conditions for risk assets like Bitcoin. Bitcoin's price fell 2.5% to $62,500, which may reflect initial investor selling.

cryptonews.ruIl y a 12 h

How Could the Strengthening of the Japanese Yen Affect Bitcoin?

cryptonews.ruIl y a 12 h

Expect news tomorrow: this time the Bank of Japan will announce its interest rate decision! What impact will this have on Bitcoin?

A day before the Bank of Japan's (BOJ) interest rate decision announcement, the Japanese yen surged nearly 3% against the US dollar. The sharp move in the currency market fueled speculation that the Japanese government may have intervened again to support the yen. The USD/JPY pair fell over 400 pips to 158.5, its steepest daily drop since Japan's currency intervention earlier this year. Market participants suspect the rapid, strong yen appreciation could be due to direct foreign currency sales by Japanese authorities, though the Ministry of Finance has made no official statement. The yen had previously fallen to its weakest level against the dollar in nearly 40 years. In late April and May, the government intervened with roughly 9.6 trillion yen to prevent the USD/JPY from rising sustainably above 160, but the yen faced renewed selling pressure afterward. Investors are now focused on the BOJ's rate decision and its signals on future monetary policy. Potential hawkish signals from the BOJ are seen as a factor that could support further yen strength. A sharp yen appreciation could create short-term selling pressure on Bitcoin by increasing the risk of unwinding carry trades, where investors borrow low-yielding yen to invest in Bitcoin and other risky assets. This pressure could intensify if the BOJ takes a hawkish stance or raises interest rates.

cryptonews.ruHier 17:11

Expect news tomorrow: this time the Bank of Japan will announce its interest rate decision! What impact will this have on Bitcoin?

cryptonews.ruHier 17:11

Markets eye Bank of Japan meeting on Friday as yen repeats 40-year US dollar lows

The Japanese yen is nearing new 40-year lows against the US dollar, with USD/JPY approaching 164, as markets focus on the Bank of Japan's (BoJ) upcoming interest rate meeting on July 31. Current rates stand at 1%, their highest since 1995, with near-certain expectations for a hold. The yen's role as a major global funding currency means BoJ policy has significant worldwide impact. Analysts warn that the persistent yen weakness risks a sudden unwind of the massive yen carry trade—a key source of liquidity for markets, including crypto. Such an unwind, potentially triggered by BoJ policy shifts aimed at stabilizing the currency, could spark a rapid liquidity crunch, echoing a disruptive event from 2024. The BoJ has indicated future rate hikes are likely to continue, noting that exchange rate movements now have a greater potential to affect inflation and consumer prices.

cointelegraph07/28 13:22

Markets eye Bank of Japan meeting on Friday as yen repeats 40-year US dollar lows

cointelegraph07/28 13:22

Yen Hits 40-Year Low, What Will Japan Use to Price in Shorts?

The Japanese yen is hovering near a 40-year low against the U.S. dollar, with the USD/JPY pair approaching 164 in July. Japanese Finance Minister Shunichi Suzuki has issued stern warnings of potential "bold" action to counter disorderly market movements, placing the 163-165 range in focus as a key policy test zone for authorities. The yen's weakness extends beyond dollar strength, as evidenced by its low trade-weighted index, which pressures import costs and inflation—particularly with elevated oil prices. This dynamic increases the likelihood of further Bank of Japan (BoJ) rate hikes. The Ministry of Finance is first aiming to raise the cost for yen short-sellers through verbal intervention and the threat of action, rather than immediately altering fundamentals. While direct FX intervention remains a high-barrier option, slower-moving factors like potential BoJ rate hikes and asset rebalancing by Japan's Government Pension Investment Fund (GPIF) could provide more sustained support for the yen. The core risk for carry trades—which involve borrowing low-yielding yen to invest in higher-yielding assets—is not an imminent unwind but a sudden spike in yen volatility. As policymakers deploy a mix of warnings, rate hike expectations, and potential fund flows, the cost and risk of shorting the yen are increasing. The 163-165 zone is becoming an area where policy responses could trigger a broader repricing, making the yen a more critical variable for global risk asset leverage.

marsbit07/24 08:17

Yen Hits 40-Year Low, What Will Japan Use to Price in Shorts?

marsbit07/24 08:17

Not AI, Not War: What the US Stock Market Should Worry About Is Japan?

Global markets may be underestimating a systemic risk from Japan. As the yen hits multi-decade lows and domestic asset appeal rises, the world's largest pension fund, the Government Pension Investment Fund (GPIF), faces policy pressure to repatriate substantial assets. Such a shift could pressure U.S. stocks, bonds, and the dollar. GPIF manages roughly $1.8 trillion, with about half invested overseas. Even a modest reallocation to Japan could boost yen demand and Japanese government bond buying, potentially raising U.S. yields and weakening the dollar. Unwinding of yen carry trades could further pressure risk assets. This potential move is driven by improving fundamentals in Japan: rising inflation, economic recovery, and narrowing yield gaps with the U.S. The yen's depreciation to levels not seen since 1986 also enhances domestic investment appeal. While markets currently price in limited risk, key indicators like the dollar-yen cross-currency basis swap are showing subtle shifts. A surge in hedging demand for yen appreciation could tighten liquidity and impact U.S. equities. Conversely, GPIF repatriation could benefit Japanese equities, which trade at a discount to U.S. markets and are driven by corporate governance reforms. However, persistent yen weakness remains a major hurdle for foreign investors' returns.

marsbit07/24 08:08

Not AI, Not War: What the US Stock Market Should Worry About Is Japan?

marsbit07/24 08:08

Why Is the World Nervous About Japan Raising Interest Rates?

In June 2026, the Bank of Japan raised its policy rate to 1%, marking its first hike to this level since 1995. While this rate remains low compared to global peers like the US and Europe, the move signals a profound shift for a nation that has been a global source of ultra-cheap funding for decades. Japan's long-standing near-zero or negative interest rates had facilitated massive "yen carry trades," where international investors borrowed low-cost yen to invest in higher-yielding assets worldwide, such as US tech stocks and emerging market bonds. This made Japan a critical, often overlooked, source of global liquidity. Japan's ultra-loose policy stemmed from structural challenges post-1990s asset bubble: aging demographics, chronic low inflation/deflation, and high public debt. Recent shifts, including sustained wage growth (exceeding 5% in recent years) and inflation consistently above the 2% target, have created a "wage-price spiral" possibility, prompting the policy normalization. The global market's concern lies not in the absolute rate but in the potential unwinding of the yen carry trade. As Japanese borrowing costs rise, the economics of these leveraged global investments change, potentially triggering deleveraging and capital outflows from risk assets. Market anxiety focuses on the end of a thirty-year consensus that Japan would perpetually provide cheap funding. Ultimately, the global impact will depend on the interplay with US monetary policy. While Japan is tightening, the significant interest rate differential with the US remains. The key future dynamic is whether simultaneous Japanese hikes and eventual US rate cuts will narrow this gap, forcing a major recalibration of global capital flows and asset pricing built on an era of abundant, cheap yen liquidity.

marsbit06/17 12:42

Why Is the World Nervous About Japan Raising Interest Rates?

marsbit06/17 12:42

Yen Weakness Triggers Inflation Red Line: Bank of Japan May Be Forced to Raise Rates Early

Japanese policymakers are increasingly concerned about the impact of the weak yen on inflation, which may force the Bank of Japan (BOJ) to consider earlier interest rate hikes. Although the BOJ is expected to keep rates unchanged at 0.75% in its upcoming January meeting, officials are closely monitoring how yen depreciation is amplifying price pressures, as businesses pass rising import costs to consumers. While the central bank recently raised rates in December and has no fixed timeline for further hikes, sustained yen weakness could accelerate the tightening cycle. Market expectations of a six-month hike interval may shift if the BOJ acts more promptly. The yen recently touched a 18-month low near 158.68 against the dollar, reflecting ongoing volatility and political uncertainty, including potential early elections. Business leaders have called for government intervention to curb excessive currency declines.

marsbit01/16 05:33

Yen Weakness Triggers Inflation Red Line: Bank of Japan May Be Forced to Raise Rates Early

marsbit01/16 05:33

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