Bitcoin’s 52-week correlation with USD/JPY hits -0.90
Bitcoin’s price has shown an unusually strong negative correlation with the dollar-yen exchange rate.
The 52-week rolling correlation coefficient between BTC/USD and USD/JPY now stands at -0.90, indicating a strong negative correlation.
This pattern means bitcoin and the yen have recently tended to move together against the dollar, challenging traditional views.
The apparent bitcoin-yen link may be driven by broader dollar strength rather than a direct relationship between the two assets.