Bitcoin Just Survived the Yen Shock That Crushed Crypto 2 Years Ago

Japan spent nearly $100 billion in August trying to strengthen the yen. Even after that intervention, the currency failed to reach 154 against the dollar. Then traders pushed it there themselves. USD/JPY fell from 160.39 on Wednesday to 154.50 by Monday, meaning the yen strengthened 3.7% in three sessions without another confirmed rescue from Tokyo.