November 22, 2024
Ether (ETH) Leads Post-Fed Crypto Market Rally as Yen (JPY) Weakness Sparks Risk-On Frenzy
 #CriptoNews

Ether (ETH) Leads Post-Fed Crypto Market Rally as Yen (JPY) Weakness Sparks Risk-On Frenzy #CriptoNews

Cash News

Following the FOMC decision, several key macro assets have reacted positively. The U.S. Dollar Index (DXY) rose by 0.36%, pushing the index back above 101, a level widely regarded as vital. Meanwhile, the USD/JPY exchange rate, which had dropped to around 141 just before the Fed’s announcement, has since climbed to approximately 143.5. The weakening yen has further bolstered risk-on assets, including cryptocurrencies.