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Bitcoin's 52-week correlation with USD/JPY hits -0.90, undercutting 'carry trade' theory

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Bitcoin's 52-week correlation with USD/JPY hits -0.90, undercutting 'carry trade' theory

Bitcoin’s price has shown an unusually strong negative 52-week correlation with the dollar-yen exchange rate.

Bitcoin's 52-week correlation with USD/JPY hits -0.90, undercutting 'carry trade' theory

Source：CoinDesk

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Source：https://www.coindesk.com/markets/2026/06/30/bitcoin-s-52-week-correlation-with-usd-jpy-hits-0-90-undercutting-carry-trade-theory