🇯🇵TODAY: Yen jumps 1.5% vs. USD as BOJ rate-hike expectations SURGE
The yen strengthened after the Bank of Japan signaled it could raise rates by 25 bps this month, with officials increasingly focused on persistent inflation and a weaker currency.
The move could also reshape Asia’s carry trade: BBVA says further BOJ hikes may push traders to replace the yen with the Chinese yuan as the region’s main funding currency.
🇦🇪 Standard Chartered is bringing institutional crypto trading to the UAE.
The $447B global bank is now offering eligible institutions spot trading in Bitcoin and Ether through its electronic trading channels.
This is bigger than another bank entering crypto.
A major global bank is putting regulated BTC & ETH access directly into the hands of institutional investors in one of the world’s fastest-growing digital asset hubs.
Institutional crypto adoption is moving from headlines to infrastructure.
Are we entering the next phase of institutional Bitcoin adoption? 👀