Crypto
BOJ holds rates but June hike odds rise, raising questions for bitcoin
Expectations for a Bank of Japan rate hike in June are rising as calls for further increases grow within the central bank despite a hold at 0.75 percent. The yen strengthened and bitcoin weakened against the yen. Markets are watching the currency because the yen has served as a global funding currency for carry trades into higher-yielding assets. Some see no clear signs yet of carry trade unwinds.
