Will the growing Japanese yen affect Bitcoin and and Coin?

The Japanese yen continued a strong increase against the US dollar, as investors adopted its role as a safe asset.

The US dollar exchange rate fell to 139.92 on Tuesday, its lowest level since September last year and 11.5 % lower than the highest point in 2024.

This decline is in line with the broader weakness of the US dollar and an increase in other developed world currencies such as the euro, and the British pound, and Swiss franc. The US dollar index, a common scale that weighs against the currency basket, has decreased to $ 98, its lowest point since April 2022.

Constant yen collects significant ripples on arrows, bitcoin and altcoins. In the X Publication, the co -founder of Bitmex, Arthur Hayes, indicated that this performance will push traders to relax on positions in American stocks and bonds, which eventually leads to high bond returns.

There are already early signs that this is revealed. American stock prices decreased sharply, as NASDAQ 100, S&P 500 and Dow Jones indicators are located in the technical correction area.

According to Financial timesJapanese investors have removed more than $ 20 billion in international bonds. Most of these sales were in US government bonds. These activities are closely monitored because Japan is the largest American debt holder, worth 1.1 trillion dollars.

The main engine behind these sales is the power of the yen and the height of bond returns in Japan. Government bond returns increased for 10 years in the country to 1.30 %, which is sharply higher than its lowest level in the past year.

Bitcoin is slowly safe haven

According to Hayez, the growing yen and the US dollar will benefit from Bitcoin (BTCWhere the Federal Reserve will be forced to print money using quantitative mitigating.

Meanwhile, there are increasing signs that bitcoin is gradually developing into a safe origin. Bitcoin’s investment funds recorded more than $ 381 million in flows on Monday, after $ 107 million on Friday. These flows coincided with a sharp decrease in the industrial average of Dow Jones, which decreased by more than 1000 points.

Bitcoin also decreased by less than 3 % this year, while the best US indicators decreased with double numbers. As such, some analysts Believe To ultimately develop into a safe origin, similar to gold.

Such a step will lead to high prices Altcoin. Historically, altcoins like ethereum (Eth), Solana (Teller(Pepe (babyYou tend to perform well when bitcoin flourishes.