The yen’s devaluation did not affect crypto markets but, however this might change if the BOJ steps in to prop up the forex, Noelle Acheson, analyst and creator of the Crypto Is Macro Now experiences, mentioned in an electronic mail interview. A potential intervention would imply the BOJ promoting U.S. greenback belongings (U.S. Treasuries) to purchase yen, and a weaker dollar may in principle assist crypto costs, she added.