Bitcoin and Japanese Yen Correlation Hits -0.90: Why the Carry Trade Narrative is Broken
A significant macroeconomic shift is redefining the relationship between digital assets and traditional foreign exchange markets. Recent quantitative analysis reveals that Bitcoin’s (BTC) 52-week rolling correlation coefficient with the USD/JPY currency pair has plunged to a historic -0.90. This extreme negative correlation directly challenges long-held assumptions regarding global liquidity flows, specifically the mechanics of the … Read more