Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
2026 World Cup
Rewards
Square
Latest
Hot
News
Profile

Analysis, Bitcoin traders should pay attention to the Bank of Japan's interest rate hike, as short positions on the yen reach a nine-year high

MarsBitNews
robot
Abstract generation in progress
Mars Finance reports, citing CoinDesk, that Bitcoin traders this week should pay attention to the Bank of Japan’s interest rate decision on Tuesday. As of the week ending June 9, leveraged funds’ speculative short positions in Japanese yen have risen to more than 115,000 contracts, the highest level since November 2017. If the Bank of Japan raises rates to 1% as expected and signals further tightening, these shorts could be closed out, triggering a rise in the yen and affecting yen funding carry trades. Carry trade investors borrow yen to invest in high-yield, high-risk assets, which has driven bull markets on Wall Street and in the bond market for years, and is also believed to support the crypto market. After the Bank of Japan raised rates in July 2024, rapid short covering in the yen sparked a sharp yen rally, leading to extreme volatility across Wall Street, the Nikkei index, and the crypto market, with Bitcoin falling from about $65,000 to $50,000 within a week. If, after this rate hike, Governor Ueda Kazuo signals faster tightening or that rates could rise above 1%, the yen would strengthen significantly, causing turmoil in the financial markets. Crypto assets are most sensitive to sudden changes in liquidity and could face the most severe shocks.
BTC1.91%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments

  • Pinned

Sitemap