Odaily Planet Daily News BitMEX founder Arthur Hayes wrote that in order to curb the depreciation of the yen, the Federal Reserve may reach an unlimited dollar-yen swap agreement with the Bank of Japan, which is consistent with the implementation of the yield curve control policy (YCC), that is, the yield of US Treasury bonds is lower than it should be. In addition, as the supply increases, the dollar will also depreciate. He also said that the pace of yen depreciation will accelerate in the fall, which will force the US and Japanese governments to take action. Hayes predicts that if his theoretical predictions come true, it will trigger a new round of cryptocurrency increases, and Bitcoin is even expected to hit the $1 million mark. He also advises cryptocurrency traders to pay close attention to future changes in the dollar-yen exchange rate.