A potential intervention by American officials in the market for Japanese yen may have ripple effects for Bitcoin (CRYPTO: BTC) and other cryptocurrencies, analysts note. Crypto chart analyst Ali Martinez pointed out that U.S. involvement would likely mean selling dollars and buying yen, an unusual but powerful signal in foreign exchange markets.
The Dollar-Yen Move Is The Overlooked Story Bitcoin Bulls Should Pay Attention To
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Crypto chart analyst Ali Martinez says U.S. officials could intervene in the Japanese yen market by selling dollars and buying yen, calling the action 'unusual but powerful' and saying it could ripple to Bitcoin and other cryptocurrencies.
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