“The recent pullback resulted from the broader market tightening in Japan’s economic policies, where the central bank’s hawkish stance shifted to surprisingly raise interest rates,” Lucy Hu, senior analyst at Metalpha, explained in a Telegram message. “The bearish macro data in the U.S. sent investors worrying about a possible recession.”
What is Carry Trade? Bitcoin Drops 15{aa99edd08dd66036bd4af6c3dbe8af9b4ab31fcc55a521c2956d094a6dcd3a48} Against Japan Yen Amid Unwinding
