Strong USD Signals Caution for Crypto Delta-Neutral Strats

The USD is showing strength, particularly against the JPY (USD/JPY at 159.33, well above 150) and the CHF (USD/CHF at 0.7872). Although EUR/USD is at 1.1476, indicating a relatively weaker USD against the EUR compared to the 1.08 benchmark, the overall USD strength generally puts downward pressure on risk assets like [Bitcoin](/pairs/btc-perp). This suggests potential headwinds for crypto funding rates, impacting [delta](/glossary#delta)-neutral trading strategies.