Bitcoin’s Inverse Yen Correlation Challenges Traditional Carry Trade Narratives
A remarkable macroeconomic shift is unfolding in the digital asset markets as Bitcoin (BTC) demonstrates an exceptionally tight connection to traditional foreign exchange markets. Specifically, Bitcoin’s price has established an unusually strong negative 52-week rolling correlation with the USD/JPY (U.S. Dollar to Japanese Yen) exchange rate. The correlation coefficient has plummeted to -0.90, marking its … Read more


