Hi guys,
I play with the idea of watching a couple of usd / jpy and at the same time yields from ten-year bonds of both countries. These two quantities correlate strongly, and when there is the difference and Japanese yen starts to strengthen, it could mean that they are going to buy more bitcoin in Japan. What do you think about it?
It's not correlate to each other, The Japanese try to choose bitcoin as they won't depend on the dollar. the bitcoin gives the freedom that makes the impact by the dollar for the Japanese yen will be decreasing a lot.
It's about the release the dollar's domination from the Japanese yen.
To certain extent this might look beneficial, but when calculated on the whole what you get will be a downfall. The markets doesn't correlate, because even when we discuss about USD and Yen not Japan and USA contribute. Several other countries too will contribute, so the external force will always be playing big role. So taking this to consideration can understand the reality.