USD/JPY trading volume exceeds Bitcoin on DeFi platform Gains Network

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Cointime2023/10/26 13:15

By:Cointime

Tading volume of USD/JPY on the DeFi platform Gains Network has surpassed that of Bitcoin, and today there was a large leveraged short position of 8.26 million USD in the USD/JPY pair. Some traders have established a large number of leveraged short positions in USD/JPY and EUR/JPY on the platform, betting on the appreciation of the yen. Perhaps these market participants expect the Bank of Japan to intervene in the foreign exchange market to prevent the yen from falling.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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