Ueda's Speech Could Stir Up Crypto Markets
Bank of Japan Governor Kazuo Ueda's upcoming speech on August 1 could send ripples through crypto markets, according to analysts.
In a June 3 address, Ueda highlighted the need for careful consideration in rate hikes due to inflationary pressures and geopolitical tensions in the Middle East.
Historically, hawkish tones during BOJ meetings have triggered volatility in Bitcoin and other risk assets through adjustments in carry trade strategies.