Is Japan’s Economic Shake-Up the Key to the Next Big Crypto Surge? Here’s What’s Happening

The post Is Japan’s Economic Shake-Up the Key to the Next Big Crypto Surge? Here’s What’s Happening appeared first on Coinpedia Fintech News

Japan’s recent economic shifts have sent ripples through the global financial landscape, particularly affecting the value of the Japanese yen (JPY) against the U.S. dollar (USD).

However, the volatility of the Japanese yen, alongside significant movements in crypto assets and major trading activities, has sparked speculation about the future of Japan’s economic role in the crypto market. Here’s a closer look at how these factors intertwine and what they might mean for investors.

The Japanese yen has recently hit its lowest value against the U.S. dollar since 1987. This drop comes after the Bank of Japan’s decision to raise interest rates to 0.25%, up from a previous range of 0% to 0.1%. 

When the Crypto exchange Mt. Gox was founded, in 2010, the $YEN was trading at its highest ratio to $USD in it's history. Shortly after, it would enter into a decline that would last more than a decade, and still counting.

In fact, 2 weeks ago, at the start of Japan raising… https://t.co/gSvPGBV20s pic.twitter.com/ZCiIiz9Jw1