Unpacking Bitcoin’s Inverse Dance with the Yen: What -0.90 USD/JPY Correlation Means for Crypto
Bitcoin (BTC) is currently exhibiting an unusually strong negative correlation with the Dollar-Yen (USD/JPY) exchange rate. This phenomenon, with a 52-week rolling correlation coefficient plummeting to -0.90, challenges long-held financial theories, particularly the ‘carry trade’ narrative, and demands closer scrutiny from investors and analysts alike. This intense inverse relationship indicates that as the Japanese Yen … Read more


