CryptoCoinDeskabout 2 hours ago
Bitcoin Holds $63,600 as US-Japan Yen Intervention Tests Carry Trades
1 min read
Bitcoin traded near $63,600 Monday, up 1.8% in 24 hours, after the US and Japan jointly bought yen Friday at 163.73 per dollar. Japan may have spent $36.6 billion; the yen rebounded to 157.57. The Fed's 3.50%-3.75% range versus Japan's 1% keeps the carry trade attractive.
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