News with the tag "Japanese Yen collapse"

In the latest development, Japanese tech giant Sony has made a silent move into the crypto industry by acquiring crypto exchange Amber Japan. The Sony Group, a $100 billion conglomerate, now expands its business into crypto in addition to music, games, cameras, etc. Sony’s Foray Into Crypto Industry...

The continuation of the high interest rates by the Federal Reserve has dealt a major blow to the Japanese Yen making it one of the worst-performing currencies in the world. With Japan’s fiat currency under major stress, we can see more private firms join Metaplanet in adopting a sound Bitcoin strate...

Japan’s Metaplanet has recently made global headlines following its strategic shift towards adopting Bitcoin as a primary treasury reserve asset. In direct response to sustained economic pressures in Japan, Metaplanet released an official statement today, May 13, outlining plans to transform its tre...

The global macros continue to show worrying signs as the Japanese Yen has collapsed to a 34-year low against the USD. Moreover, the weakness in Yen is fueled by a strong USD. The stubborn U.S. inflation has forced the Fed to keep holding interest rates higher for a longer period than expected. As th...