Bank of Japan raised interest rates by 25 basis points today on June 16. They increased the policy rate from 0.75 percent to 1 percent.


The market has already priced in this move, so the market hardly reacted to the news. However, the tone from the central bank remains quite hawkish, with a clear signal that further rate hikes may soon occur.
Currently, the peace agreement between the United States and Iran seems to be the main driver of the market at this time.
That said, it makes sense to remain cautious. Large funds are watching the yen very closely. If the yen begins to strengthen sharply, a rapid and forceful unwind of carry trade positions could happen. This unwind often puts sudden selling pressure on risky assets like $BTC, so maintaining strict risk management is a smart move for now.
BTC-1.82%
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