According to Omkar Godbole (@godbole17), the $CNHJPY and $JPYINR currency pairs are currently among the most important macro indicators, signaling shifts that could influence global risk appetite and capital flows. These forex pairs often correlate with changes in liquidity conditions that directly impact cryptocurrency market volatility and trading opportunities. Traders should monitor these pairs closely for early signs of trend reversals or risk-on/risk-off sentiment, which can lead to significant price movements in major cryptocurrencies such as BTC and ETH. Source: @godbole17 on Twitter

According to Omkar Godbole (@godbole17), BTC and AUDJPY have traded in strong correlation throughout 2025, with both assets advancing together since early April. However, AUDJPY has now reversed lower, which could indicate that Bitcoin’s recovery rally is also losing momentum. For crypto traders, this breakdown in correlation is a key signal to monitor, as AUDJPY’s weakness has historically preceded short-term corrections in BTC price. Monitoring cross-asset flows and risk-off sentiment in forex markets may help anticipate near-term Bitcoin volatility. Source: Twitter (@godbole17, May 20, 2025).