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The Japanese yen is strengthening against the dollar, outperforming other currencies. The move mirrors early August action that triggered a carry-trade unwind and hit risk assets, including bitcoin.
Some observers fear another unwind is coming.
Renewed yen strength signals a shift out of risk, which can pressure risk-sensitive commodity prices and reduce dollar-funded speculative demand. Feed-market impact is indirect.
coindesk.comOmkar GodboleAug 19, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
