Search results for yen carry trade
Crypto
BOJ rate hike to 30-year high has limited impact on bitcoin
The Bank of Japan raised its policy rate to around 1 percent, the highest level in about 30 years, but bitcoin and the broader cryptocurrency market remained relatively steady. Bitcoin traded around $66,000 and total crypto market value slipped 1.4 percent to about $2.34 trillion without heavy selling. Market participants said the move was largely priced in and leverage had already declined. The BOJ also signalled caution on tightening and reaffirmed bond purchase plans.
Crypto
Bank of Japan rate decision nears; will bitcoin repeat 22 percent correction nightmare?
With the Bank of Japan set to decide policy on June 16, concern is rising that bitcoin could face another sharp correction. Cointelegraph reported that bitcoin fell about 18 to 28 percent after each BOJ rate hike since 2024, averaging 22.4 percent. Analysts say a repeat is uncertain because market conditions differed each time. Attention is shifting to on-chain signals such as increased whale inflows to Binance and more than $2.5 billion in realized losses.
Crypto
Japan monetary policy to trigger XRP surge? Community analyst says optimism has overheated
Caution is growing over expectations that a change in Japan\'s monetary policy will immediately trigger a sharp rise in XRP in July. XRP community analyst Eri said talk of an outsized unwinding of yen carry trades has been overstated and that the Bank of Japan\'s rate path has been gradual and predictable. Eri also cited liquidity constraints on the XRP Ledger and the continued dominance of USDT and USDC in international settlement flows.
