Yen Plunge May Signal 'Currency Turmoil' as Bitcoin Falls to $64,000
The Japanese Yen fell to its lowest level against the US Dollar since 1990 on Friday, with Bitcoin holding around $64,000 as a number of torrents fell. The Japanese Yen (JPY) fell another 1.3% on the day after the Bank of Japan (BOJ) kept interest rates at near-zero levels, a huge swing for the major currencies and indicative of concerns about currency weakness. Meanwhile, continued solid economic growth and high inflation in the United States are dashing hopes for monetary easing this year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BNB Chain project OracleBNB experiences a rug pull
GMGN Co-founder: Unconcerned About SCI6900 Price Fluctuations, Will Not Sell
Vitalik Buterin sells multiple meme tokens, earning approximately $96,400 in profit
Trending news
MoreCrypto prices
More








