Search results for USD/JPY
Crypto
Arthur Hayes says dollar supply could rise as Japan defends yen; bitcoin, gold may benefit
BitMEX co-founder Arthur Hayes said U.S. Federal Reserve dollar liquidity provision could expand as Japan seeks to push up the yen. He outlined a scenario using the Fed’s FIMA repo facility, in which Japan posts U.S. Treasuries as collateral to borrow dollars, sells them for yen and then invests the yen in domestic assets. Hayes said this could expand the Fed’s balance sheet and channel liquidity into bitcoin, ether, gold and gold miners.
Crypto
Bitcoin threatens $58,000 level as dollar strength, selloff by buyers at highs adds pressure
Bitcoin is facing increased downside pressure as it slides toward $58,000 ahead of quarter-end. Cointelegraph reported the dollar rose to its highest level against the yen since 1986, adding strain to crypto markets, while on-chain data showed more stop-loss selling by buyers near this year’s highs. Traders pointed to rising leverage and large long positions entering the dip. Analysts also flagged increased exchange inflows from coins held 6 to 12 months after bitcoin fell below $70,000.
Finance
Shinhan Bank runs 100 percent exchange rate discount event for receiving trade remittances
Shinhan Bank said on Sunday it is running an event from April 20 offering a 100 percent exchange rate discount to small and medium-sized companies and sole proprietor customers when they receive trade remittances. The bank said the program is aimed at easing financial burdens and improving convenience for customers newly starting trade transactions or with no recent foreign exchange remittance history at Shinhan Bank. The event runs through Oct. 19 and applies to 23 currencies.
