Japan and the United States have intensified their cooperation to address the yen's ongoing depreciation, marked by Japan's record currency intervention of about $72.4 billion between April and May 2026. Despite the Bank of Japan raising its policy rate to 0.75%, the large interest rate gap with the US Federal Reserve keeps the yen weak. In response, some Japanese companies like Metaplanet are diversifying their reserves by adopting Bitcoin as a hedge against yen devaluation. This trend highlights growing corporate interest in alternative assets amid persistent currency challenges.
Bitcoin's price remains stuck near $63,000 after a sharp correction erased its earlier gains this year. The cryptocurrency is consolidating around its 50-day moving average, showing a balance between buyers and sellers but lacking clear momentum. Key...
Solana (SOL) is trading around $73 but remains below important resistance levels at its 100-day and 200-day moving averages, indicating weak bullish momentum. The price is consolidating in a narrow range with neutral market indicators like the RSI ne...
XRP remains pressured around $1.08 after breaking below a symmetrical triangle pattern, signaling continued bearish control. Key moving averages at $1.09, $1.10, and $1.20 act as strong resistance, limiting upside potential. Trading volume is low, in...
Cardano (ADA) surged about 10% following the announcement of its Dijkstra era roadmap, which aims to enhance scalability through multiple phased upgrades. This comes after the recent van Rossem hard fork that improved core infrastructure like Plutus ...
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 s...
