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Arthur Hayes: Fed Yen Moves Could Boost Bitcoin

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Sohrab Khawas

Crypto analyst Arthur Hayes suggested the Federal Reserve might print dollars to build reserves and buy Japanese yen, expanding its $19.185 billion foreign currency assets. The yen rallied up to 1.75% to 155.63 per dollar amid talk of possible Japanese intervention, though no official word has come yet. Crypto enthusiasts see this potential liquidity as a positive for Bitcoin, which held steady around $89,500 on Saturday, while skeptics question the Fed’s intentions.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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