The Japanese Yen hit levels last night not seen in over 30 years.
There was historic volatility this morning and some key reversals that may or may not hold over the short-term.
But what you need to know is that the Yen is crashing. It’s been losing value relative to “things”.
These “things” include all kinds of assets including stocks, commodities and bitcoin, who have all been hitting new highs when priced in Japanese Yen.
Look at Bitcoin hitting new all-time highs in Yen terms: [Read more…]