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Bitcoin’s Link to USD/JPY Hits Its Strongest Level Since 2022
NEWSJUN 30, 2026
Bitcoin’s Link to USD/JPY Hits Its Strongest Level Since 2022
Bitcoin has posted an unusually strong negative 52-week correlation with the dollar-yen exchange rate, with recent moves closely tracking shifts in USD/JPY. The pattern is challenging old assumptions about how the yen carry trade and risk assets interact.