The Japanese yen suddenly strengthened, and USD/JPY broke below the critical 155 level. What does this mean? How much impact will it have on $BTC? USD/JPY breaking below 155 is a result of both technical and fundamental factors aligning. With 155 breached, there are still around 16-17 trillion yen in short positions yet to be closed. If stop-loss orders are triggered, it could push USD/JPY down to the 142-146 range. Carry trade unwinding will drain global liquidity, putting short-term pressure on $BTC. If the Bank of Japan raises rates on September 18, the bearish impact could persist. However, if it’s just a technical breakout, the pressure release might actually turn into a bullish signal. We’ll find out more with the CPI on September 11. Stay tuned!