Japans yen is weakening again despite nearly $97 billion in government support, raising the prospect of further intervention and creating another potential risk for Bitcoin and broader crypto markets. The yen fell to 160.16 against the US dollar on Friday, August 28, surrendering more than half of the gains made since authorities intervened last month. Continued currency weakness increases the cost of imported goods and adds pressure on Japanese households and businesses. Japan spent 15.4 trillion supporting the yen between July 30 and August 26. The effort included unusual coordinated… Read more
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