Bitcoin’s 52-week correlation with USD/JPY hits -0.90, undercutting carry trade theory

Bitcoin’s 52-week correlation with USD/JPY hits -0.90, undercutting carry trade theory The deepening inverse relationship between Bitcoin and the dollar-yen pair challenges the long-held assumption that yen weakness fuels crypto rallies Share Add us on Google by Editorial Team Jun. 30, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Bitcoin’s 52-week correlation with USD/JPY has plunged to -0.90.

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