EconomyBitcoin rallies after BOJ’s 1.25% hike, but the real yen-carry test starts next week
The Bank of Japan voted 7-2 to raise its policy rate from about 1% to 1.25%, with the new setting taking effect Sept. 24. Bitcoin climbed to an intraday high near $81,000 after the announcement, while the yen weakened, offering little evidence of an immediate disorderly carry unwind. Risks remain as implementation approaches and the BOJ signals its next move.
Bitcoin rallies after BOJ’s 1.25% hike, but the real yen-carry test starts next week
Economy