USD Strength: Headwinds for Crypto Delta-Neutral Plays

The current forex data indicates a relatively strong USD. EUR/USD is at 1.1525, well above the 1.08 threshold, however, USD/JPY is at 159.60, signifying USD strength. Given that a strong USD often pressures risk assets, crypto traders employing [delta](/glossary#delta)-neutral strategies should be cautious, potentially experiencing lower profits or even losses, as [Bitcoin](/pairs/btc-perp) and other cryptocurrencies may face downward pressure.