• The yen drifted higher against the U.S. dollar for a fourth straight session on Monday, bolstered by an upward revision to Japan’s growth figures and expectations the Bank of Japan could exit negative rates at its policy meeting next week.
  • In cryptocurrencies, bitcoin soared to a fresh record high above $72,000 underpinned by a surge in inflows into new spot exchange-traded funds for the digital asset. Hopes that the Federal Reserve will soon cut interest rates have also lifted bitcoin, which was last up 5.3% at $72,033 .
  • The market though remains focused on the yen and BOJ. In afternoon trading, the dollar was at 146.94 yen, down 0.1% on the day.

https://www.reuters.com/markets/currencies/yen-gains-bets-firm-imminent-rate-hike-sterling-slides-2024-03-11/