Bitcoin’s Inverse Dance with Yen: Unpacking the -0.90 Correlation & Global Market Shifts
Bitcoin’s price has demonstrated a remarkably strong inverse relationship with the dollar-yen (USD/JPY) exchange rate over the past year. This unexpected dynamic has seen Bitcoin’s value generally decline as the Japanese Yen weakens against the US Dollar, a pattern that challenges conventional financial theories like the “carry trade.” This significant negative correlation, measured at -0.90 … Read more