The rising Japanese yen is impacting global markets, including Bitcoin and altcoins, as it strengthens against the U.S. dollar. This trend may lead to increased Bitcoin inflows, suggesting it is becoming a safe-haven asset, potentially boosting altcoin values in the process as investment patterns shift due to changing market conditions.
The Japanese yen’s recent appreciation against the U.S. dollar has positioned it as a safe-haven asset, with the USD/JPY exchange rate hitting 139.92—its lowest since September 2022, and 11.5% down from its 2024 peak. This strength comes amid a general decline of the U.S. dollar, which has seen the US Dollar Index drop to $98, largely influenced by stronger performances from currencies such as the euro and the British pound.
