#YenCarry — Zipp

Bitcoin Rallies as BOJ Hikes Rates to 1.25%

14d ago

Bitcoin Rallies as BOJ Hikes Rates to 1.25%

The decision takes effect Sept. 24, leaving the next BOJ signal and any yen appreciation as key tests for leveraged risk positions.

CryptoSlate

Bitcoin Holds $78,500 as Yen Surge Threatens Risk Assets

🩸BEARISH

23d ago

Bitcoin Holds $78,500 as Yen Surge Threatens Risk Assets

A ¥360 trillion carry book is the channel: yen strength can drag BTC through portfolio deleveraging even when no one's short BTC, with the BoJ's Sept. 17-18 meeting as the trigger.

CryptoSlate

Bitcoin drops to $59,490 as yen slides to 40-year low

🩸BEARISH

95d ago

Bitcoin drops to $59,490 as yen slides to 40-year low

The yen move is the macro tell, not the price tag: a 40-year low in JPY forces a global unwind of carry trades funded in yen, and crypto is taking the spillover alongside equities.