Bitcoin’s 52-week correlation with USD/JPY hits -0.90, undercutting carry trade theory
Bitcoin’s 52-week correlation with USD/JPY hits -0.90, undercutting carry trade theory The deepening inverse relationship between Bitcoin and the dollar-yen pair challenges the long-held assumption that yen weakness fuels crypto rallies Share Add us on Google by Editorial Team Jun. That’s about as inverse as two major financial instruments can get. In plain English: when the dollar strengthens against the yen, Bitcoin has been falling, and vice versa.
- ▪Bitcoin’s 52-week correlation with USD/JPY hits -0.90, undercutting carry trade theory The deepening inverse relationship between Bitcoin and the dollar-yen pair challenges the long-held assumption that yen weakness fuels crypto rallies Sha
- ▪That’s about as inverse as two major financial instruments can get.
- ▪In plain English: when the dollar strengthens against the yen, Bitcoin has been falling, and vice versa.
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Bitcoin’s 52-week correlation with USD/JPY hits -0.90, undercutting carry trade theory The deepening inverse relationship between Bitcoin and the dollar-yen pair challenges the long-held assumption that yen weakness fuels crypto rallies Share Add us on Google by Editorial Team Jun. 30, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Bitcoin’s 52-week correlation with USD/JPY has plunged to -0.90.
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