Yen Plunge May Signal 'Currency Turmoil' as Bitcoin Falls to $64,000
The Japanese Yen fell to its lowest level against the US Dollar since 1990 on Friday, with Bitcoin holding around $64,000 as a number of torrents fell. The Japanese Yen (JPY) fell another 1.3% on the day after the Bank of Japan (BOJ) kept interest rates at near-zero levels, a huge swing for the major currencies and indicative of concerns about currency weakness. Meanwhile, continued solid economic growth and high inflation in the United States are dashing hopes for monetary easing this year.
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