Three Bank of Japan members call for a rate hike; yen rises while bitcoin falls
Markets are pricing in a June rate hike after a split BoJ vote that saw three policymakers dissent in favor of a hike.
The yen is likely to strengthen further as market participants adjust to the possibility of a rate hike, while Bitcoin may continue to decline due to negative sentiment surrounding the crypto market. This divergence suggests a bearish outlook for BTC in the short term.
Markets are pricing in a June rate hike after a split BoJ vote that saw three policymakers dissent in favor of a hike.
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