Market Update: BOJ Rate Hike & Bitcoin Reaction

BOJ Policy Shift: The Bank of Japan raised its short-term interest rate by 25 basis points to 0.75%, marking a 30-year high and continuing its exit from ultra-loose policy.

Inflation & Stance: Despite inflation exceeding the 2% target, the BOJ maintained that real interest rates remain negative, keeping monetary conditions accommodative.

Currency & Crypto Impact: Following the decision, the Japanese yen weakened to 156.03 per USD. Meanwhile, Bitcoin strengthened, rising from $86,000 to approximately $87,000.

Market Sentiment: The reaction was muted as the hike was already priced in. Concerns over a "carry trade" unwind were dismissed due to existing bullish yen positions and rising bond yields. $BTC

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