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LGT Private Banking Asia said the dollar is likely to remain rangebound against the yen in the near term, largely within 155 to 160 yen. The bank cited intervention risk, Japanese investor repatriation and wide U.S.-Japan rate differentials.
Bitcoin rose 0.9% to $82,468 after touching a two-and-a-half-week low, with the move linked to better risk appetite and a weaker dollar as Middle East diplomatic hopes improved. Thursday’s drop had come amid a stronger dollar and higher Treasury yields.
Bitcoin rebounded from Thursday’s two-and-a-half-week low, rising 0.9% to $82,468, as risk appetite improved on hopes for diplomatic progress in the Middle East.
Bitcoin rebounded slightly after a two-and-a-half-week low, as hopes for Middle East diplomatic progress improved risk appetite, according to market talk.