Bitcoin held near $78,500 as yen hit strongest level since February, CryptoSlate reports
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).
TLDR
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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