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The USD/JPY pair surged to 163.65, marking a fresh 40-year high, according to Gate data. The pair rose 0.30% in the latest trading session, reflecting continued strength in the US dollar against the Japanese yen. This significant move highlights ongoing divergence in monetary policy between the Federal Reserve and the Bank of Japan, with the yen under persistent pressure. For crypto markets, a stronger dollar often correlates with reduced risk appetite, potentially leading to increased volatility and downward pressure on speculative assets like cryptocurrencies. Traders should monitor this macro development closely as it may influence intraday trading dynamics and liquidity conditions.
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