Bitcoin in Focus as Yen Surges on NY Fed Rate Check: What’s Next? – Decrypt
In brief The New York Fed conducted “rate checks” on Friday, signaling potential joint U.S.-Japan intervention to support the yen. Japan’s 40-year bond yield reached a record 4.2% as investors dump debt following PM Sanae Takaichi’s tax-cut proposals. Arthur Hayes predicts that a forced expansion of the U.S. dollar supply to backstop the yen could...
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