EconomyArthur Hayes calls EUR/JPY crypto’s ‘smoke alarm,’ but Fed liquidity channels remain dormant
Arthur Hayes says a falling EUR/JPY rate could warn of wider crypto-market liquidity stress, but the Federal Reserve mechanisms in his scenario have not activated. The pair fell from 185.63 on Sept. 1 to 181.21 on Sept. 3, still 29.4% above Hayes’s 140-or-below threshold for a much larger increase in dollar liquidity.
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CryptoSlate★★☆☆☆2026-09-04 16:40Original
Arthur Hayes calls EUR/JPY crypto’s ‘smoke alarm,’ but Fed liquidity channels remain dormant
Economy