#BOJRateHikesBackOnTheTable
BoJ Rate Hikes, Yen Liquidity Shifts & Bitcoin
Why a “small” policy move could trigger outsized BTC volatility
JPMorgan projects that the Bank of Japan may raise rates twice in 2025, potentially lifting policy rates to ~1.25% by end-2026. While modest in absolute terms, this marks a structural shift in global funding conditions—one that could materially impact leverage, cross-currency flows, and risk assets like Bitcoin.
Yen Funding & Carry Trade Risk
For decades, the Japanese yen has served as a near-zero-cost funding currency, enabling large-scale carry trades int
BoJ Rate Hikes, Yen Liquidity Shifts & Bitcoin
Why a “small” policy move could trigger outsized BTC volatility
JPMorgan projects that the Bank of Japan may raise rates twice in 2025, potentially lifting policy rates to ~1.25% by end-2026. While modest in absolute terms, this marks a structural shift in global funding conditions—one that could materially impact leverage, cross-currency flows, and risk assets like Bitcoin.
Yen Funding & Carry Trade Risk
For decades, the Japanese yen has served as a near-zero-cost funding currency, enabling large-scale carry trades int
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