yen

According to CoinPost, Kinexys, a blockchain division of JPMorgan, announced the addition of five currencies to its Blockchain Deposit Account (BDA) network: Australian Dollar (AUD), Hong Kong Dollar (HKD), Japanese Yen (JPY), Renminbi (RMB), and Singapore Dollar (SGD). This expands the total supported currencies to eight, including the existing Euro, British Pound, and US Dollar, making it the platform with the most supported currencies in the global blockchain settlement and on-chain foreign exchange field.The BDA operates on JPMorgan's private blockchain, supporting 24/7 settlement and programmable payment features. Japanese energy giant JERA Global Markets became the first enterprise to adopt the Yen BDA, aimed at optimizing internal fund flow management and liquidity allocation. Currently, Kinexys has processed a cumulative transaction volume exceeding $40 trillion, with a daily transaction volume of over $7 billion.

According to Jinshi reports, the USD/JPY briefly touched 161.941, then quickly fell back 20 points, currently reported at 161.84.

Japan's financial group SBI Holdings announced the official issuance of the yen stablecoin JPYSC, with the first issuance completed. This stablecoin is managed by SBI Shinsei Trust Bank for reserve asset management, while the licensed cryptocurrency trading platform SBI VC Trade is responsible for circulation and distribution. SBI stated that JPYSC is Japan's first yen stablecoin managed by a trust bank and is also the first to be recognized as a "similar product to electronic payment means" under the Payment Services Act. Unlike the previously launched fund transfer-type stablecoins in Japan, JPYSC is not subject to a single transaction and account balance limit of 1 million yen.SBI expects that JPYSC will attract retail and institutional users with lower transaction costs and the ability to support large transactions, and it can serve as the yen-based asset for on-chain foreign exchange markets, institutional lending, and RWA (real-world asset) tokenized settlements. Currently, JPYSC is only available to SBI VC Trade account holders, with plans to expand its usage after regulatory and tax frameworks are further clarified. SBI also plans to launch JPYSC lending services.In recent years, Japan has been continuously promoting compliant stablecoins to integrate into the mainstream financial system. Following the approval of JPYC in 2025 as Japan's first legally recognized yen stablecoin, Japan's three major banks—Mitsubishi UFJ Bank (MUFG), Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho Bank—are also jointly advancing stablecoin projects, with plans to launch commercial trading in the fiscal year 2026.

According to Jinshi reports, the USD/JPY has briefly dropped nearly ten points, currently reported at 161.66.

According to CoinPost, Japan's national corporate pension fund plans to start investing in cryptocurrencies in the fiscal year 2026, with an allocation ratio of about 1% of its total operating assets (approximately 21.3 billion yen).The report states that the asset allocation ratio for the fiscal year 2025 is: 80% in yen, 15% in US dollars, and 5% in other currencies. However, in the fiscal year 2026, the yen allocation ratio will decrease to 70%, and a new 10% allocation will be made for currencies from developed countries. The remaining 5% will consist of emerging market currencies, gold, and cryptocurrencies.The main purpose is to diversify currency risk. The fund's executive director, Ai Yuki, stated that due to the potential weakening of the US dollar as a benchmark currency, they decided not to increase their holdings in US dollars and instead use cryptocurrencies like Bitcoin as a hedge against currency depreciation, as Bitcoin has a lower correlation with the US dollar index.After approximately six years of investigation, the fund has determined that the cryptocurrency market has matured as the investor base has expanded. In the future, the fund will continue to explore the possibility of expanding cryptocurrency investments, including funds for arbitrage trading of various cryptocurrencies.

According to the Nikkei, the SBI Group has obtained approval from the Financial Services Agency of Japan and plans to issue a yen-pegged stablecoin, JPYSC, within this week, becoming the first trust-type stablecoin in Japan.The stablecoin is issued by SBI Shinsei Trust Bank, with SBIVC Trade responsible for trading, and it is jointly developed with Singapore fintech company Startale Group. The SBI Group plans to deeply integrate JPYSC with its financial services, including securities, crypto assets, and banking, to enhance user convenience.

According to Jinshi reports, the USD/JPY has briefly dropped over 30 points and is now rebounding to 161.48.

According to Jinshi reports, the USD/JPY short-term fell by more than 40 points, turning down 0.1% during the day, with a low of 161.07.

According to Jinshi reports, the USD/JPY exchange rate has briefly dropped by about 70 points, currently reported at 161.7.

According to the Nikkei Asia report, the Japanese government recently announced plans to achieve over 370 trillion yen (approximately 15.59 trillion yuan) in public-private joint investment in 17 strategic areas by fiscal year 2040. Among these, approximately 10.5 trillion yen (about 442.3 billion yuan) will be specifically allocated to the field of physical AI.It is reported that the Japanese government expects physical AI technology to play a key role in scenarios such as industrial automation, unmanned transportation, and infrastructure inspections, to alleviate the labor shortage caused by the intensifying aging population and the imbalance between labor supply and demand, thereby comprehensively enhancing productivity. In addition, to mitigate the potential risks of high-performance artificial intelligence, Japan also announced a new AI policy draft last week, planning to further strengthen relevant threat control and safety assessment mechanisms.

According to a report by Kyodo News, the Osaka Prefectural Police arrested three men on suspicion of violating the Organized Crime Punishment Law for laundering criminal proceeds on behalf of an investment fraud gang. It is said that these three individuals exchanged approximately 14 million yen from 10 victims across six prefectures into stablecoins and other cryptocurrency assets to conceal the source of the funds.According to the Osaka Prefectural Police, these three individuals belong to "over-the-counter traders" who conduct personal cryptocurrency transactions without using trading platforms and are believed to have participated in money laundering activities amounting to billions of yen.

According to Jinshi reports, the USD/JPY short-term fell by 20 points, currently approaching 161.

According to Jinshi reports, the USD/JPY briefly fell about 80 points to 160.94, and has now rebounded to 161.53.

According to Jinshi reports, the US dollar against the Japanese yen (USD/JPY) has risen above 161 for the first time since July 2024, and the yen exchange rate has hit a nearly 2-year low.

According to Jinshi reports, after the announcement of the Bank of Japan's interest rate decision, the USD/JPY rose 10 points in the short term, reported at 160.22.

According to CoinDesk, Bitcoin traders need to pay attention to the Bank of Japan's interest rate decision on Tuesday this week. As of the week of June 9, the speculative short positions in yen held by leveraged funds have increased to over 115,000 contracts, the highest since November 2017. If the Bank of Japan raises interest rates to 1% as expected and hints at further tightening, these shorts may be covered, leading to a rise in the yen, which would impact yen-funded arbitrage trades.Arbitrage traders borrow yen to invest in high-yield risk assets, which have driven bull markets on Wall Street and in the bond market for years, and are also believed to support the crypto market. After the Bank of Japan raised interest rates in July 2024, the rapid covering of yen shorts led to a significant rise in the yen, causing severe fluctuations in Wall Street, the Nikkei index, and the crypto market, with Bitcoin dropping from about $65,000 to $50,000 within a week. If after this rate hike, Governor Ueda Kazuo hints at faster tightening or that rates may rise above 1%, the yen will strengthen significantly, causing turbulence in the financial markets. Crypto assets are the most sensitive to sudden changes in liquidity and may be impacted the most severely.

The Bank of Japan will hold a key monetary policy meeting next Tuesday, with the market widely expecting an interest rate hike of 25 basis points to 1%, marking the highest interest rate level since 1995 and signaling a further move towards normalization of Japan's monetary policy. However, uncertainty surrounding this meeting has significantly increased. Governor Kazuo Ueda will be absent from the meeting and the subsequent press conference due to health reasons, with communication responsibilities taken over by Deputy Governor Shinichi Uchida, raising market concerns about changes in policy wording and forward guidance.Currently, the USD/JPY has risen above 160, nearing a two-year high and approaching the intervention zone. Traders generally believe that, given the market has fully priced in the interest rate hike expectations, the real key lies in the central bank's stance on the future path of interest rate hikes. Institutional analysis indicates that if the Bank of Japan releases dovish signals, it could further weaken the yen and push up Japanese government bond yields; conversely, if it shows a clearer tightening tendency, it would help stabilize exchange rate expectations.At the same time, Japan is facing multiple constraints such as rising imported inflationary pressures, fluctuations in energy prices, and expectations of fiscal expansion, making the policy path more complex. The latest data shows that Japan's core inflation has risen to 3.5%, reaching a new high for this phase. Analysts believe that this meeting is not only a point for interest rate adjustments but may also serve as an important observation window for changes in the Bank of Japan's policy communication framework, with the Deputy Governor's statements directly influencing the short-term direction of the yen and global interest rate markets.

According to Jinshi News, the US dollar against the Japanese yen (USD/JPY) has fallen below 160, with an intraday decline of 0.15%.

According to Jinshi reports, the USD/JPY has broken above 160, rising 0.06% during the day, currently reported at 160.2.

According to Jinshi reports, the US dollar against the Japanese yen (USD/JPY) has risen above 160, with an intraday increase of 0.07%.