Following the FOMC decision, several key macro assets have reacted positively. The U.S. Dollar Index (DXY) rose by 0.36%, pushing the index back above 101, a level widely regarded as vital. Meanwhile, the USD/JPY exchange rate, which had dropped to around 141 just before the Fed’s announcement, has since climbed to approximately 143.5. The weakening yen has further bolstered risk-on assets, including cryptocurrencies.
Source: https://www.coindesk.com/markets/2024/09/23/ether-leads-post-fed-crypto-market-rally-as-yen-weakness-sparks-risk-on-frenzy/?utm_medium=referral&utm_source=rss&utm_campaign=headlines