CryptoSlate says further Bank of Japan tightening could force investors to unwind yen-funded positions and sell risk assets, with cross-border yen borrowing at ¥360 trillion ($2.35 trillion).
CryptoSlate reported on September 9 that the yen had reached its strongest level since February while Bitcoin held near $78,500. The outlet pointed to ¥360 trillion ($2.35 trillion) in cross-border yen borrowing, warning that further Bank of Japan tightening could force investors to unwind funded positions and sell risk assets.
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CryptoSlate says further Bank of Japan tightening could force investors to unwind yen-funded positions and sell risk assets, with cross-border yen borrowing at ¥360 trillion ($2.35 trillion).
CryptoSlate reported on September 9 that the yen had reached its strongest level since February while Bitcoin held near $78,500. The outlet pointed to ¥360 trillion ($2.35 trillion) in cross-border yen borrowing, warning that further Bank of Japan tightening could force investors to unwind funded positions and sell risk assets.
CryptoSlate@CryptoSlateThe yen hit its strongest level since February while Bitcoin held near $78.5K. With ¥360T ($2.35T) in cross-border yen borrowing, further BOJ tightening could force investors to unwind funded positions and sell risk assets. BTC hasn’t cracked yet.
Not enough discussion yet.
No sentiment analysis available yet.
CryptoSlate@CryptoSlateThe yen hit its strongest level since February while Bitcoin held near $78.5K. With ¥360T ($2.35T) in cross-border yen borrowing, further BOJ tightening could force investors to unwind funded positions and sell risk assets. BTC hasn’t cracked yet.
Not enough discussion yet.
No sentiment analysis available yet.
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