Bitcoin’s Striking -0.90 Correlation with USD/JPY: Unpacking the Fed’s Hidden Hand and Challenging Carry Trade Assumptions
A remarkable shift in global financial markets reveals an unusually strong negative correlation between Bitcoin (BTC) and the USD/JPY exchange rate. Recent data indicates a 52-week rolling correlation coefficient of -0.90, a level not seen since late 2022. This significant negative correlation implies that approximately 81% of Bitcoin’s weekly price movements have mirrored changes in … Read more



