The Japanese market is experiencing a highly volatile situation. According to a report published in Bloomberg, foreign investors offloaded a massive $5.78 billion worth of Japanese equities last week. This marks the biggest selling in nearly a year and has raised concerns about the future of the Japanese economy.
Meanwhile, the US market also has shown signs of volatility. Concerns over volatility in two influential economies, the US and Japan, point to the possibility of the emergence of a global economic slowdown. How will this impact the crypto market? Let’s find out!
According to the report, this was the third consecutive week of net selling by foreign investors. The report pointed out the yen’s recent rebound as one of the major factors driving this sell-off.
The report noted that Japanese retail investors used foreign investors’ sell-off as an opportunity to amass stocks. It stated that at least 467 billion Japanese yen worth of stocks were purchased by local investors exploiting the sell-off of foreign investors. The report also highlighted the significant share buybacks conducted by Japanese corporations during the period.
If the investors who left the Japanese market decide to enter the crypto market, it could mark the beginning of a new bullish momentum in the crypto market. Generally, whenever there is volatility in traditional markets, investors shift to assets like cryptocurrencies as a hedge against economic uncertainty.
In conclusion, the heavy selling of Japanese stocks by foreign investors and the slowdown of the US economy signal growing concerns about the global economy. However, this could be an opportunity for the cryptocurrency market.
Read Also : Crypto Market News : $1.6 Billion in Bitcoin and Ethereum Options Set to Expire Today
Stay tuned to Coinpedia for more updates about the global economic situation!
Pull out your phone to pay with Ethereum at the grocery store checkout, and you'll…
Binance has announced the listing of $SKATE on its Alpha platform, with trading set to…
Trump Media and Technology Group has filed an S-3 registration statement with the SEC to…
The U.S. Department of Justice (DOJ) has seized over $7.74 million in cryptocurrency allegedly laundered…
The cryptocurrency market is feeling the heat today, with both Bitcoin and XRP taking hits.…
Elon Musk and President Donald Trump’s public clash took a dramatic turn on Friday. In…