#BOJRaisesRatesTo31YearHigh
The Bank of Japan raised its policy rate from 1.00% to 1.25%, the highest level in 31 years. The decision was made by a 7–2 vote, as the BOJ focuses on keeping inflation around its 2% target.
Interestingly, the yen weakened after the hike, showing that markets were more focused on the BOJ's cautious guidance and dissenting votes than the rate increase itself
For crypto markets, the key question is how further Japanese tightening could affect global liquidity and the yen carry trade.
#BOJ #Japan #interestrates #Macro
$BTC $ETH
H $JPY.ETF
The Bank of Japan raised its policy rate from 1.00% to 1.25%, the highest level in 31 years. The decision was made by a 7–2 vote, as the BOJ focuses on keeping inflation around its 2% target.
Interestingly, the yen weakened after the hike, showing that markets were more focused on the BOJ's cautious guidance and dissenting votes than the rate increase itself
For crypto markets, the key question is how further Japanese tightening could affect global liquidity and the yen carry trade.
#BOJ #Japan #interestrates #Macro
$BTC $ETH
H $JPY.ETF