Japans Yen Falls Again Despite $97 Billion Aid. Risk For Bitcoin?
Japans yen weakened again this week despite roughly $97 billion spent supporting it over the past month. Its slide puts renewed pressure on officials to act, with potential consequences for Bitcoin. Why Japans Yen Rescue is Fading The currency fell to 160.16 yen per dollar on Friday, 28 August, giving up more than half its gains since last months intervention. A weaker yen makes imports more expensive for Japanese households and businesses. Japan spent ¥15.4 trillion supporting its currency between 30 July and 26 August. The campaign included rare joint action with the US on 31 July, when both countries bought yen to lift its value. Sponsored Sponsored US interest rates remain higher than Japans, making dollar investments more attractive. The dollar gained further support this week when Federal Reserve chair Kevin Warsh pledged to bring inflation to target. Japans Yen Evolution amid Intervention Spikes. Source: X/@GlobalMktObservHow a Stronger Yen Could Hurt Bitcoin Bitcoin briefly fell below $77,000 after Warshs speech as investors expected higher US rates. Japan could add to that pressure. Some investors borrow yen cheaply and use the money to buy investments elsewhere. This is known as the carry trade. If fresh intervention or higher Japanese interest rates push the yen sharply upwards, those loans become more









