Japan has moved to save the yen again, and Bitcoin traders may pay the price

By Topline Newsroom
1 min readSource: cryptoslate.com
Japan has moved to save the yen again, and Bitcoin traders may pay the price
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The story

Japan has moved to save the yen again, and Bitcoin traders may pay the price

Japan reportedly stepped into the currency market with roughly $35 billion of yen buying, sending the dollar down nearly 3% to 155.5. Bank of Japan (BOJ) money-market data imply that size is accurate. Once the Ministry of Finance's monthly release confirms it, this would rank as Japan's first official yen-support action in almost two years [ ] The post Japan has moved to save the yen again, and Bi

From the source

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Tokyo’s yen-buying operation sent USD/JPY tumbling, and this could mean serious consequences for Bitcoin.

Who and what

Key names and topics in this story: Japan, Bitcoin.

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Japan has moved to save the yen again, and Bitcoin traders may pay the price
#crypto#japan#bitcoin
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