Decline in USD/JPY suggests bear markets, including crypto: Arthur Hayes

According to a post on X by Arthur Hayes, co-founder of the crypto derivatives exchange BitMEX, the exchange rate between the U.S. dollar (USD) and the Japanese yen (JPY) is falling towards 140. Hayes suggests that this trend might lead to a sharp downturn in the markets. He is also watching Bitcoin closely to see if the cryptocurrency can maintain its current price level amid these developments.