Bank of Japan reportedly hikes rate to 1.25% while yen falls
Posts shared on September 19 describe the rate as a 31-year high, with the yen falling despite the hike. One argues that traders read the decision as dovish.
TLDR
A September 19 post says the Bank of Japan raised its policy rate to 1.25% the previous day in a 7–2 vote, and that dollar/yen climbed above 157 within hours. Another post calls the yen’s decline the opposite of a carry-trade unwind, which it describes as borrowers rushing to buy yen back. It argues that the mechanism that usually hurts crypto after a Japan rate hike did not materialize.
Combined views
17.6K
2 Sources, first seen 10d ago
