A similar yen outperformance early this month triggered carry unwind and rocked risk assets, including #cryptocurrencies.
The FX market shows a renewed bias for anti-risk Japanese yen.A similar yen outperformance early this month, triggered carry unwind and rocked risk assets, including cryptocurrencies.Some observers fear another round of carry unwind in the near future.In his latest commentary, Andrei Kazantsev, the head of Goldman Sachs' crypto-linked trading desk, echoed Ree's comments, explaining how bitcoin and ether were caught in the yen carry trade unwind and the global VAR shock of Aug. 5. VAR, or value at risk, is the maximum amount of loss a market can sustain over a period of time. A sudden jump forces traders to scale back exposure to relatively risky assets.Thus, the renewed yen strength warrants attention from crypto traders. According to ING, the yen's rally to 141.68 per dollar from 161 in the three weeks to Aug. 5 has set the tone for yen buying on dips."A 20-big figure drop in USD/JPY we believe will have a meaningful impact on expectations for future direction and therefore potentially on behavior,' ING said in a note to clients on Aug. 16. "Behavioral changes likely mean a greater willingness to buy yen at weaker levels, skewing the risk to a strengthening bias."Some observers, however, say that the carry trade unwind could resume in the coming weeks spurred by the U.S. economy and the next interest-rate decision meeting of the Federal Open Market Committee (FOMC), scheduled for mid-September.

#RedPacket code is BP2HV89ECE
Hurry and claim your rewards
https://s.binance.com/1DaA4Ydr

Over 42.2 million users are eligible to claim the airdrop, with an average of 9,500 DOGS per claim. According to the tokenomics released on Telegram:
Tokens in total supply: 550 billion
81.5% went towards the community, with Telegram OGs receiving 73%.
10% set aside for the group and upcoming projects
8.5% designated for listing and liquidity-related operations
Additionally, $DOGS will introduce tradable and mintable on-chain stickers in the upcoming weeks. Tokens can be claimed to a non-custodial wallet starting on 20 August, but users will need Toncoin to pay the gas expenses associated with blockchain transactions. Before claiming their $DOGS tokens, users must ensure they have enough Toncoin in their wallets. Toncoin can be bought using Stars or through exchanges.

Due to decreased business profitability and increased uncertainty, bond prices will decline, corporate borrowing costs will increase, oil prices will rise, and #stock markets will decline.
The live Solana price today is $139.41 USD with a 24-hour trading volume of $2,333,845,901 USD. A decrease in #coin value is anticipated.

#Bitcoin, the world's biggest and best-known cryptocurrency, rose 5.17% to $59,609 at 2013 GMT on Friday.
#Bitcoin, the world's biggest and best-known cryptocurrency, is up 54.8% from the year's low of $38,505 on January 23.