Unusual Market Link: Bitcoin’s Deepening Inverse Correlation with Dollar-Yen Rate Challenges Carry Trade Theory
Bitcoin’s (BTC) price is exhibiting an exceptionally strong inverse relationship with the dollar-yen (USD/JPY) exchange rate, a phenomenon that confounds traditional financial theories. The 52-week rolling correlation coefficient between Bitcoin’s value in dollars on Coinbase (COIN) and the USD/JPY pair has recently plummeted to -0.90. This figure marks the most negative reading observed since late … Read more







