The yen devaluation has not affected crypto markets yet, but this could change if the BOJ intervenes to prop up the currency, Noelle Acheson, analyst and author of the Crypto Is Macro Now reports, said in an email interview. A possible intervention would mean the Bank of Japan selling US dollar assets (US Treasury bonds) to buy yen, and a weaker dollar could, in theory, help cryptocurrency prices, she added.
Bitcoin drops around $64,000, and Japanese yen's drop perhaps a sign of 'monetary turmoil,' analyst says
