Fed Signals Rare Japanese Yen Intervention: What Does it Mean for Bitcoin?

Global markets are on high alert as Japan’s yen stages its largest move in six months.

The move fuels speculation that Japan, potentially with US support, may intervene to stabilize the currency.

Japan’s Prime Minister, Sanae Takaichi, warned against “abnormal” yen movements, sending the dollar-yen pair tumbling from the brink of 160 to 155.6 per dollar.