yen
60,436 views
21 Posts
Hot
Latest
Japanese Yen Collapse May See More Firms Adopt Bitcoin
Earlier today, the Japanese Yen dropped to ¥160.8 against the USD, its weakest level since 1986. Interestingly, the data shows that even the Turkish Lira, Argentine Peso, and Brazilian Real are performing better than the Yen. Just in the last four years since June 2020, the Japanese Yen has crashed 34% against the USD. This is pretty unusual and concerning, especially for a developed country’s currency. Earlier this year in April and May, Japanese authorities spent $62 billion in the foreign exchange market to bolster the yen and prevent it from dropping below the 160 level. Despite having a temporary impact, the Yen has even slipped under the threshold.Japanese investment firm Metaplanet is already making a shift in tune with the macro developments. Following a path similar to MicroStrategy, Metaplanet recently announced $7 million worth of Bitcoin purchase through a bond sale. Market analysts have expressed concerns about the Bank of Japan’s monetary decision and the printing of the Japanese Yen. Market analysts suggest that with excess printing of fiat currency, Japan should be secretly buying Bitcoin, in order to protect themselves from this currency collapse.
Japanese investment firm Metaplanet is already making a shift in tune with the macro developments. Following a path similar to MicroStrategy, Metaplanet recently announced $7 million worth of Bitcoin purchase through a bond sale. Market analysts have expressed concerns about the Bank of Japan’s monetary decision and the printing of the Japanese Yen. Market analysts suggest that with excess printing of fiat currency, Japan should be secretly buying Bitcoin, in order to protect themselves from this currency collapse.
#yen #BTCFOMCWatch #BTC☀ #CPIAlert #BinanceTournament
Earlier today, the Japanese Yen dropped to ¥160.8 against the USD, its weakest level since 1986. Interestingly, the data shows that even the Turkish Lira, Argentine Peso, and Brazilian Real are performing better than the Yen. Just in the last four years since June 2020, the Japanese Yen has crashed 34% against the USD. This is pretty unusual and concerning, especially for a developed country’s currency. Earlier this year in April and May, Japanese authorities spent $62 billion in the foreign exchange market to bolster the yen and prevent it from dropping below the 160 level. Despite having a temporary impact, the Yen has even slipped under the threshold.Japanese investment firm Metaplanet is already making a shift in tune with the macro developments. Following a path similar to MicroStrategy, Metaplanet recently announced $7 million worth of Bitcoin purchase through a bond sale. Market analysts have expressed concerns about the Bank of Japan’s monetary decision and the printing of the Japanese Yen. Market analysts suggest that with excess printing of fiat currency, Japan should be secretly buying Bitcoin, in order to protect themselves from this currency collapse.
Japanese investment firm Metaplanet is already making a shift in tune with the macro developments. Following a path similar to MicroStrategy, Metaplanet recently announced $7 million worth of Bitcoin purchase through a bond sale. Market analysts have expressed concerns about the Bank of Japan’s monetary decision and the printing of the Japanese Yen. Market analysts suggest that with excess printing of fiat currency, Japan should be secretly buying Bitcoin, in order to protect themselves from this currency collapse.
#yen #BTCFOMCWatch #BTC☀ #CPIAlert #BinanceTournament
$EOS
This means the token can trade against the yen on regulated exchanges. The ENF also highlighted that trading for the token will be enabled in September at an exchange called BitTrade. ENF CEO Yves La Rose told Cointelegraph in a statement that tapping into the Asian market is very important to EOS. According to La Rose, the region has always been an “important pillar” to EOS as it has a vast amount of tokenholders. He added: “We strongly believe that the next wave of Web3 innovation will come in the form of blockchain-based gaming and GameFi. Asia is clearly a leader in that space.”The ENF CEO also said that Japan is a growing market with an established regulatory framework and a supportive government. La Rose believes there’s an “incredible opportunity” for countries like Japan to absorb market share, as it offers clarity and oversight. The ENF CEO also noted that many gaming intellectual properties in Japan are “ripe for tokenization.”Related: EOS turns 5, celebrates the community’s effort to rebuildMeanwhile, Japanese Prime Minister Fumio Kishida has recently reaffirmed the country’s stance regarding Web3. In a keynote address on July 25, Kishida highlighted Web3’s potential to kindle social change and transform the internet. The prime minister also described Web3 as part of the “new form of capitalism.“ Collect this article as an NFT to preserve this moment in history and show your support for independent journalism in the crypto space.Magazine: Whatever happened to EOS? Community shoots for unlikely comeback
#EOS #Japan #trade #yen
This means the token can trade against the yen on regulated exchanges. The ENF also highlighted that trading for the token will be enabled in September at an exchange called BitTrade. ENF CEO Yves La Rose told Cointelegraph in a statement that tapping into the Asian market is very important to EOS. According to La Rose, the region has always been an “important pillar” to EOS as it has a vast amount of tokenholders. He added: “We strongly believe that the next wave of Web3 innovation will come in the form of blockchain-based gaming and GameFi. Asia is clearly a leader in that space.”The ENF CEO also said that Japan is a growing market with an established regulatory framework and a supportive government. La Rose believes there’s an “incredible opportunity” for countries like Japan to absorb market share, as it offers clarity and oversight. The ENF CEO also noted that many gaming intellectual properties in Japan are “ripe for tokenization.”Related: EOS turns 5, celebrates the community’s effort to rebuildMeanwhile, Japanese Prime Minister Fumio Kishida has recently reaffirmed the country’s stance regarding Web3. In a keynote address on July 25, Kishida highlighted Web3’s potential to kindle social change and transform the internet. The prime minister also described Web3 as part of the “new form of capitalism.“ Collect this article as an NFT to preserve this moment in history and show your support for independent journalism in the crypto space.Magazine: Whatever happened to EOS? Community shoots for unlikely comeback
#EOS #Japan #trade #yen
The yen rose on Friday after the Bank of Japan decided on Friday to start scaling back its massive bond purchases and announce a detailed plan next month to shrink its nearly $5 trillion balance sheet, taking another step toward unwinding its massive monetary stimulus.
In a move that supports the currency.
#yen #CryptoNewss #CryptocurrencyLaunch #TopCoinsJune2024 #BTCFOMCWatch
In a move that supports the currency.
#yen #CryptoNewss #CryptocurrencyLaunch #TopCoinsJune2024 #BTCFOMCWatch
🇯🇵 The Bank of Japan's Monetary Policy Committee members decided at the conclusion of its July monetary policy meeting on Wednesday morning to raise the short-term interest rate target by 15 basis points from a range of 0%-0.1% to 0.15%-0.25%.
#yen #CryptoNewss #CryptocurrencyLaunch #TopCoinsJune2024 #BTCFOMCWatch
#yen #CryptoNewss #CryptocurrencyLaunch #TopCoinsJune2024 #BTCFOMCWatch
For the first time in over three years, speculators have turned #bullish on the #Japanese yen.
This classic "risk-off" signal could spell trouble for risk assets, including #Cryptocurrencies 🚩
#yen #TrendingTopic
This classic "risk-off" signal could spell trouble for risk assets, including #Cryptocurrencies 🚩
#yen #TrendingTopic
