The bitcoin (BTC) price showed little reaction after the Bank of Japan (BOJ) held its benchmark interest rate unchanged at 0.5% on Wednesday, a decision that aligned with market expectations, as policymakers assessed the potential impact of U.S. tariffs under President Donald Trump on Japan’s export-driven economy.
The BOJ highlighted “high uncertainties” surrounding trade policies, with Governor Kazuo Ueda emphasizing the need to monitor how the tariff plans could ripple through global and Japanese markets.
The decision comes ahead of a U.S. Federal Reserve meeting, where rates are also expected to remain steady as Trump’s tariff policies loom large.
Japan’s monetary policy and bond yields have often influenced BTC markets. A stronger yen and rising yields tend to weigh on bitcoin by attracting capital to traditional assets while a stable or weaker yen supports the cryptocurrency’s appeal as an alternative store of value.
That said, when the bank raised rates in January, the bitcoin price held steady because attention was focused on potential policy developments under Donald Trump’s residency.
Wednesday’s rate decision keeps Japanese bond yields in check, limiting pressure on bitcoin’s price.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
A new public company with a big Bitcoin stash is pitching a bold claim. Twenty…
Bitcoin hovered below $90,000 on Sunday as low liquidity, altcoin weakness and imminent U.S. and…
The price action of Bitcoin has been somewhat limited in the past few weeks, as…
The Bitcoin market has continued to consolidate within the $90,000 price zone over the last…
The crypto market has shown a modest price rebound in the last three weeks, returning…
Bitcoin is facing a critical juncture as its macro retracement converges with a tight mid-range…