CoinScoopYen Weakens and Bitcoin Rises Following Bank of Japan Rate Hike
The Bank of Japan decided on September 18 to raise its policy interest rate from approximately 1% to 1.25%, with the new target effective from September 24. Following the announcement, the market saw limited yen carry trade unwinding, while Bitcoin and currency markets reacted with yen depreciation.
Summaries are written by AI from the original article. Not investment advice.