Why Bitcoin’s Surging Negative Correlation to USD/JPY Shatters the Carry Trade Narrative
Decoding the Bitcoin and USD/JPY Relationship The global financial ecosystem is witnessing a historic shift in asset relationships as Bitcoin (BTC) develops an incredibly tight negative correlation with the USD/JPY exchange rate. Recent market data shows the 52-week rolling correlation coefficient between Bitcoin’s dollar price and the USD/JPY currency pair has plummeted to -0.90. In … Read more

