🇯🇵 BOJ Rate Hike: Bitcoin Surprisingly Gains! 🚀
The Bank of Japan just made its biggest move in decades, raising short-term rates to 0.75% – a 30-year high! Despite the hike, the Japanese yen weakened against the dollar, while $BTC actually *climbed* from $86,000 to $87,500. 📈
Markets largely anticipated this shift, with speculators already positioned for a yen move. The BOJ acknowledges persistent inflation, but stresses monetary conditions remain accommodative. Fears of a yen-fueled risk-off event proved overblown, as Japanese rates still lag significantly behind the US. This means the carry trade – borrowing in yen to invest elsewhere – isn’t going anywhere just yet. 💡
This subtle shift in Japanese monetary policy could have broader implications for global liquidity and risk appetite.
#BOJ #Bitcoin #Macroeconomics #Japan 💰
