BOJ's Ueda reaffirms rate hikes, timing hinges on yen, AI demand and Middle East
- —Ueda reaffirmed further hikes as underlying inflation nears 2%
- —The BOJ raised its policy rate to 1.25% in September, a 31-year high
- —The October 29-30 meeting is expected to hold; December 18 hike odds near 75%
- —USD/JPY held near 157.95, bitcoin traded around $81,742, up 2.4% in 24 hours
Why it matters: Faster BOJ tightening erodes the yen's appeal as a funding currency and raises the risk of carry-trade unwinds, a headwind for risk assets including crypto.
Source: 動區 BlockTempo