The Bank of Japan is expected to raise interest rates to 0.75%, increasing the risk of yen carry trades

The Bank of Japan may raise interest rates by 25 basis points to 0.75% at its meeting on December 19, the highest since 1995. A stronger yen is usually accompanied by macro deleveraging, which may trigger the unwinding of carry trades funded by yen, tightening the liquidity that previously supported Bitcoin's rebound from its November lows.

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