#BOJRateHikesBackontheTable
BoJ Rate Hikes, Yen Liquidity Shifts, Carry Trades, and Bitcoin: How Macro Changes Could Drive BTC Volatility and Risk Allocation
JPMorgan projects that the Bank of Japan will hike rates twice in 2025, bringing policy rates to 1.25% by the end of 2026. While this may seem modest in absolute terms, it represents a structural shift in global funding conditions and could have significant implications for leveraged positions, cross-currency flows, and risk assets such as Bitcoin. Historically, the Japanese yen has been a major source of ultra-low-cost funding, enabling
BoJ Rate Hikes, Yen Liquidity Shifts, Carry Trades, and Bitcoin: How Macro Changes Could Drive BTC Volatility and Risk Allocation
JPMorgan projects that the Bank of Japan will hike rates twice in 2025, bringing policy rates to 1.25% by the end of 2026. While this may seem modest in absolute terms, it represents a structural shift in global funding conditions and could have significant implications for leveraged positions, cross-currency flows, and risk assets such as Bitcoin. Historically, the Japanese yen has been a major source of ultra-low-cost funding, enabling
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