Weak yen and rising Japan rates threaten bitcoin via carry trade
- —Bank of Japan hiked its rate to 1.25%, the highest in 31 years
- —Trump raised concerns over the weak yen in talks with PM Takaichi
- —US 10-year Treasury yield already stands above 5%
- —August 2024 carry-trade unwind coincided with a sharp crypto selloff
Why it matters: Higher Japanese rates could lift US yields and trigger a selloff in risk assets, including bitcoin.
Source: Newsbit