How does the US dollar vs Japanese yen exchange rate influence the demand for cryptocurrencies among Japanese investors?

1 answers

• Mar 22, 2022 · 3 years ago
  As a cryptocurrency enthusiast, I can tell you that the exchange rate between the US dollar and Japanese yen has a significant impact on the demand for cryptocurrencies among Japanese investors. When the yen strengthens against the dollar, it may make cryptocurrencies relatively more expensive for Japanese investors, which could lead to a decrease in demand. Conversely, when the yen weakens against the dollar, cryptocurrencies may become more affordable and attractive, resulting in an increase in demand. Japanese investors closely monitor the exchange rate between USD and JPY as it directly affects the purchasing power of their investments. Factors such as economic indicators, geopolitical events, and monetary policies can influence the exchange rate and subsequently impact the demand for cryptocurrencies among Japanese investors.
  842421