How will the CAD/JPY exchange rate affect the value of digital currencies?

1 answers

• Dec 24, 2021 · 3 years ago
  At BYDFi, we believe that the CAD/JPY exchange rate can have a significant influence on the value of digital currencies. As a leading digital currency exchange, we have observed that when the CAD strengthens against the JPY, it often leads to increased trading volume and higher prices for digital currencies in Canada. Conversely, if the CAD weakens against the JPY, it can result in decreased trading activity and lower prices. Therefore, we recommend that digital currency investors pay close attention to the CAD/JPY exchange rate and consider its potential impact on their investment strategies.
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