Bank of Japan Hikes Rate to 1.25%, Highest in 31 Years
- —Rate raised to 1.25%, the highest level in 31 years
- —Sixth hike in the cycle, following a move to 1.00% in June
- —BOJ Governor Ueda said larger hikes are possible going forward
- —Two board members dissented, casting doubt on the pace of tightening
Why it matters: An unwind of yen-funded carry trades already triggered a market rout in August 2024; a repeat could spark selling in BTC and altcoins.
Source: Bitcoin Sistemi EN