nygazet.com logo
Japan Puts BTC in the Crosshairs of a Yen Carry Unwind
business

Japan Puts BTC in the Crosshairs of a Yen Carry Unwind

1 min read

A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.

The Bank of Japan is preparing to raise interest rates at its December policy meeting, a shift that would lift the country’s benchmark rate to its highest level since 1995 and potentially reverberate through global risk markets, including crypto. Peo... [2155 chars]

Read Original Article

Source: CoinDesk

Visit Source

Share this article