Arthur Hayes, Chief Investment Officer at Maelstrom Fund, proposed in an essay that U.S. intervention to boost the Japanese yen could benefit risk assets like Bitcoin. The intervention could involve the Treasury Department and Federal Reserve selling dollars to buy yen, strengthening the yen against the dollar and lowering Japanese Government Bond yields. Hayes warned of the need for a gradual pace of yen appreciation to avoid catastrophic losses. Reports of suspected U.S. intervention in the yen market led to diverging Dollar and Yen Indexes. The U.S. Dollar Index dropped to a four-year low, down 10.6% since Trump took office.

Read more at Yahoo Finance: Arthur Hayes Sees Government Money Printer Going ‘BRRR’ If US Intervenes To Bolster The Japanese Yen And That Could Be Good For Bitcoin