BTC-JPY volatility surpasses BTC-USD for the first time since 2022, driven by yen instability.
Japanese yen struggles post-election, leading to increased BTC-JPY volatility and investor caution.
U.S. election may impact BTC-USD, as markets brace for potential post-election volatility.
Bitcoin’s volatility hit new highs in Japan as the BTC-JPY pair surpassed BTC-USD in 90-day realized volatility. This marks the first time since 2022 that BTC-JPY has been more volatile than its U.S. counterpart. Japanese market conditions, especially following last week’s general elections, played a significant role in this shift.
The Japanese yen is under increased pressure. Investors are hesitant toward the yen, which is near multi-month lows. The yen’s weakness has made Japanese assets, including BTC-JPY, more volatile. The heightened volatility around the BTC-JPY pair reflects this vulnerability and increased market uncertainty.
Japan’s recent election outcomes added further unpredictability to the market. Investors initially hoped the general elections would stabilize the yen. Instead, volatility rose, impacting major currency pairs, including BTC-JPY. The BTC-JPY pair …
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