BOJ's Interest Rate Decision May Send Bitcoin to $65,000

IconCryptoNewsTerminal Staff19 Sep, 2024

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BOJ's Interest Rate Decision May Send Bitcoin to $65,000

According to CNBC, Yuya Hasegawa, an analyst at Japanese cryptocurrency exchange BitBank, said, "Growing speculation of additional interest rate hikes by the Bank of Japan (BOJ) could push the Japanese yen higher and trigger a yen carry trade. Should this happen, Japanese stocks would likely face selling pressure, and risk-aversion sentiment could spread to the crypto market as well. BTC is likely to move higher on the BOJ's rate decision. The next short-term target to the upside is $65,000."

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