'Dollar Smile' Creator Warns of Coming Correction as Yen Hits New Low

The creator of the 'Dollar Smile' indicator is saying that the recent intervention in the yen marks the peak, and he believes that the next target could be $125.

This comes after the Bank of Japan intervened in the currency markets to weaken the yen, which has had a significant impact on the cryptocurrency market. The creator of the 'Dollar Smile' indicator is cautioning investors to be aware of this potential peak and prepare for a possible correction.

The 'Dollar Smile' indicator is a popular tool used by traders to gauge the strength of the US dollar against other currencies, including the yen. The recent intervention has caused the yen to weaken significantly, which could have implications for the cryptocurrency market.