Japan’s Rate Hike Goes Wrong: Yen Sinks—What It Means for Bitcoin

The Bank of Japan raised interest rates to their highest level in 30 years, yet the yen tumbled to record lows. The outcome is the exact opposite of what Japan intended. With the government now signaling possible intervention in the currency market, uncertainty is only growing. Japan Warns of “Appropriate Action” as Yen Slides On Monday, Atsushi Mimura, Japan’s vice finance minister for international affairs and the country’s top currency diplomat, warned that recent foreign exchange movements had been “one-sided and sharp source: https://beincrypto.com/japans-rate-hike-goes-wrong/