MUFG Bank analysts Lin Li, Michael Wan, and Lloyd Chan note that Japan’s 8 February election is reinforcing weakness in the Japanese Yen, with USD/JPY drifting back toward 160 after a brief correction.
Ripple (XRP) is accelerating its recovery, trading above $1.36 at the time of writing on Friday, as investors adjust their positions following a turbulent week in the broader crypto market. The remittance token is up over 21% from its intraday low of $1.12.
Monero (XMR), Zcash (ZEC), and Jupiter (JUP) are leading the cryptocurrency bear market over the last 24 hours as Bitcoin (BTC) dropped 14% on Thursday.