US report: yen rescue used euros, not dollars, with Bitcoin risk flagged
AI summary
A new US report dated November 12 confirms that the yen rescue operation was conducted using euros rather than dollars, described as a Treasury reserve-currency trade. The report flags leveraged yen borrowing as a potential risk to Bitcoin, since carry-trade unwinds can force selling of risk assets. Traders watching macro liquidity and yen-funded positions should note the currency composition of the intervention as a signal for cross-asset flows.
