Crypto Crash Warning: Yen’s Surge and Potential BOJ Rate Hike Shake Markets

BitcoincomNews

2024-11-29 03:10:07

JST1,25%

The Japanese yen just crossed a key level of 150 against the U.S. dollar, which is often a sign of stress in global markets. Known as a “safe haven,” the yen usually gains strength when investors grow cautious and move their money away from risky assets. This shift is tied to speculation that Japan’s central bank, the Bank of Japan (BOJ), might raise interest rates in December, especially after higher-than-expected inflation in Tokyo. It could be a signal of a severe market crash building up in December

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