The yen’s devaluation did not affect crypto markets but, however this might change if the BOJ steps in to prop up the foreign money, Noelle Acheson, analyst and writer of the Crypto Is Macro Now studies, stated in an electronic mail interview. A doable intervention would imply the BOJ promoting U.S. greenback belongings (U.S. Treasuries) to purchase yen, and a weaker dollar may in principle assist crypto costs, she added.
