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Home»Market»Ether (ETH) leads crypto market rally after Fed as weak yen (JPY) sparks risk-taking frenzy
Market

Ether (ETH) leads crypto market rally after Fed as weak yen (JPY) sparks risk-taking frenzy

September 23, 2024No Comments
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Following the FOMC decision, several key macro assets reacted positively. The US dollar index (DXY) rose 0.36%, pushing the index back above 101, a level widely considered vital. Meanwhile, the USD/JPY exchange rate, which had fallen to around 141 just before the Fed’s announcement, has since climbed to around 143.5. The weakening yen has further strengthened risk assets, including cryptocurrencies.



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