BOJ Rate Hike Looms as Markets Await Ueda's Guidance

The Bank of Japan (BOJ) is expected to raise its policy rate on Friday, with investors closely watching Governor Ueda's briefing for signals on future policy and global markets.

According to Reuters, a rate increase to 1.25% would mark the highest level in 31 years, as part of the normalization of monetary policy in Japan.

Coin Bureau, a crypto-focused research outlet, has highlighted the potential implications for trades financed through low-cost yen borrowing, which could be impacted by a tougher-than-expected message from Ueda.