🇯🇵 The BOJ just raised rates to a 31-year high — but the market reaction is what really matters.
The Bank of Japan lifted its policy rate from 1.00% to 1.25%, its highest level since 1995, in a 7–2 vote. The hike was expected, but the yen moved the opposite way, with USD/JPY reaching around 157.80 after the decision.
For crypto, this is important because Japan’s rates can affect the yen carry trade and global liquidity. So far, Bitcoin has remained firm around $78K, while the market briefly pushed toward $81K after the BOJ decision.
My take: I’m not treating this hike as automatically bearish for crypto. The bigger signal now is whether the yen starts strengthening sharply. A stronger yen could increase carry-trade unwind pressure, while continued yen weakness may keep near-term risk appetite supported.
For BTC, I’d watch spot volume, open interest, funding rates and the $80K–$81K area for confirmation rather than reacting to the headline alone.
The BOJ’s next move may matter even more than this hike.
Do you think a stronger yen is the next major risk for Bitcoin? $BTC
AVA is showing a strong 4H recovery, but the next resistance will decide whether this move has real follow-through.
Price is around $0.2473, trading above the MA(7) at $0.2300 and MA(25) at $0.2244, while the recent 4H low near $0.2162 is acting as an important support zone. The chart also shows a sharp rebound from that area.
The bigger catalyst is the recent Bithumb KRW listing, which triggered a major volume spike and a sharp AVA move. But after such volatility, chasing the candle is risky.
My Take: I prefer a LONG only while AVA holds the $0.2400–$0.2470 area. The order book shown in the screenshot has slightly higher sell-side depth, so confirmation matters. $AVA
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