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The Japanese yen just had a moment. USD/JPY pair dropped 0.7% today, sliding down to 155.06—marking its steepest fall since back in October 10th.
Not a massive crash, but definitely caught some traders off guard. Currency markets have been pretty twitchy lately, and this kind of move usually means something's brewing beneath the surface. Could be risk-off sentiment creeping back in, or maybe Japan's monetary policy signals finally getting some traction.
For anyone keeping an eye on macro trends (especially if you're juggling crypto positions), yen moves like this tend to ripple through. When traditional markets get jittery, capital flows shift fast. Worth watching how this plays out over the next few sessions.