🙁🇯🇵 Japan Could Become a Major Macro Risk for Crypto This June
The Bank of Japan is set to announce its next interest rate decision on June 16, with markets expecting a hike from 0.75% to 1.00%.
📊 Why does this matter?
• Higher Japanese rates could reduce global liquidity.
• The popular yen carry trade may become less attractive, pulling capital away from risk assets.
• Stocks, crypto, and other speculative markets could face additional pressure.
• The BOJ is also expected to discuss reducing government bond purchases, a move that could further tighten financial conditions.
⚠️ For years, Japan has been a major source of low-cost capital. Any significant policy shift could have ripple effects across global markets.
Crypto traders should keep a close eye on June 16. 👀📉