Bitcoin takes a back seat as Yen steals the show

There can be no doubt that the Japanese Yen was the main focus across all the markets yesterday and held centre stage for pretty much the whole session. That ensured the trading community remained fixed on the Yen and its crosses at the expense of the crypto space to some degree. So, Bitcoin took something of a back seat yesterday and again so far today. It has not made any progress since stalling above 44k yesterday morning. It did suffer another set back yesterday morning too, when falling back to a low at 42,858, as was covered here at the time. The rebound since that low has not yet been able to retrieve levels above 44k. The high since was set yesterday at 43,926, right on the 4pm London FX fix. The range seen so far today has been covered by 43,147 to 43,546. It is just now trading at 43,355