Bitcoin Rallies After BOJ’s 1.25% Rate Hike, but Real Yen-Carry Test Looms Next Week
Key Highlights The Bank of Japan raised its policy rate by 25 basis points to approximately 1.25% on September 18, with the new target taking effect September 24. Bitcoin traded orderly following the announcement, rising from $76,961 to over $81,000 intraday, while the yen weakened 1.2% against the dollar—contrary to a classic carry-unwind pattern. The ...