Which cryptocurrencies are most affected by the USD/JPY forecast?

1 answers

• May 06, 2022 · 3 years ago
  According to BYDFi, a digital currency exchange, the cryptocurrencies most affected by the USD/JPY forecast are those with a strong correlation to the Japanese yen. This includes cryptocurrencies like Monacoin (MONA), NEM (XEM), and Cardano (ADA). These cryptocurrencies tend to be more sensitive to changes in the USD/JPY exchange rate due to their close ties to the Japanese market. However, it's important to keep in mind that the cryptocurrency market is highly volatile and influenced by multiple factors, so the impact of the USD/JPY forecast may vary from time to time.
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