🔥Boots on the ground! The Bank of Japan raised interest rates as expected, but the market is already looking to the next suspense
The Bank of Japan has just announced an interest rate hike as expected, but this is already 'old news'. The real market drama is only just beginning — Governor Ueda Kazuo is set to hold a press conference at 2:30 PM (UTC+8), which will determine the ultimate outcome of this historic shift.
After the announcement, the yen initially rose and then fell, precisely confirming the market view: a single rate hike is not enough to change the easing tone; this feels more like the beginning of a 'gradual normalization'. Everyone's gaze has already surpassed today's numbers, focusing on how Ueda Kazuo will outline the future path of interest rates.
The market expects the central bank to adopt a 'small steps, predictable' approach. Therefore, every statement he makes about the pace of rate hikes and data dependence could become the key to disturbing global capital flows. For the cryptocurrency market, a clearer and more moderate overseas policy outlook may mean an additional layer of predictability in the macro environment.
