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This week the spotlight is on the Bank of Japan and its Governor Kazuo Ueda. Over the past month or two, investors and markets have been closely watching the rising cost of borrowing in Japan as yields surge. The 30 year Japanese yield is now at all time highs and the 10 year continues to push higher, currently sitting at its highest level since 2007.
This has major implications for the yen carry trade. As borrowing costs rise, the risk of the trade unwinding grows.
We saw this play out last year when the BOJ unexpectedly raised rates, which led to Bitcoin falling 30% in a matter of days alongside other risk assets.
So how do BOJ rate hikes actually impact Bitcoin?
