Japan is preparing its first coordinated currency intervention with the G7 in 15 years to strengthen the yen, potentially combining market intervention with future interest rate hikes. This move aims to support the yen long-term and prevent a sharp selloff in U.S. government bonds, with backing from the U.S. Federal Reserve. For Bitcoin, rising bond yields and a stronger yen could reduce demand for cryptocurrencies and increase market volatility. Investors will closely watch Japan’s policy announcements and bond yields for signs of sustained tightening or temporary intervention, which will impact global risk assets including crypto.
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Japan's Finance Ministry and the U.S. Treasury conducted a rare coordinated yen-buying intervention to counter disorderly movements and excessive volatility in the yen. The yen had weakened sharply to 163.73 per dollar before strengthening to around ...
