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

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By Maya Cantina

Following the FOMC decision, several major macro assets reacted positively. The US Dollar Index (DXY) rose 0.36%, pushing the index back above 101, a widely considered key level. Meanwhile, the USD/JPY exchange rate, which had dropped to around 141 before the Fed announcement, has risen to around 143.5. The weaker yen further strengthened risk assets, including cryptocurrencies.

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