Community Trust ScoreVerified 93 % Real Verified 15 votesThe Bank of Japan moved to prop up the yen this week. It bought yen directly in currency markets, trying to stop a slide that had been building as the dollar lost ground across the board. When the yen strengthens fast, or when the Bank of Japan intervenes aggressively, carry trades can unwind in a hurry. Hub: Bitcoin price, news, and analysisFrequently Asked Questions Why did the Bank of Japan intervene in currency markets? How does a yen intervention affect crypto prices?