Japan yen intervention and macro volatility
Japan likely spent $36.58B on yen-buying intervention coordinated with US, driving USD/JPY from 163 to 156.34. BOJ rate hold at 1%, political pressure on Takaichi. Yen at 52-week low, carry trade unwind risks. Bitcoin profitability below recovery thresholds but whale accumulation at $64k support.
Sources (2)
Updated Aug 4, 2026