Macro· ★★★· neutral·

Bank of Japan Hikes Rate by 25 bps; Bitcoin Rises Against the Yen

  • —Bank of Japan raised the rate by 25 bps
  • —The rate hit a 31-year high
  • —The yen weakened after the decision
  • —Bitcoin rose against the yen
Why it matters: The Bank of Japan's tightening adds volatility to currency markets and affects carry trades, with knock-on effects for crypto.
#BTC
Source: CoinDesk
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