Forex
BOJ Raises Rates to 31-Year High, Signals Faster Tightening Path for Bitcoin
The Bank of Japan (BOJ) has raised its policy rate by 25 basis points to 1.25%, marking a roughly 31-year high, following a 7-2 vote among policymakers.
The move is significant as it signals a faster tightening pace than markets had expected after the June hike, with further BOJ hikes remaining possible if its economic and inflation outlook holds.
The stronger yen could prompt carry-trade exits that pressure Bitcoin (BTC), potentially reducing DeFi liquidity and trading volumes in the crypto market.