Yen Weakens, Rates May Rise | Bitcoin and Crypto News

A former Bank of Japan official warns the central bank may hike rates past 2% this year, a move that could strengthen the yen but also stir global market turbulence. With the yen down 60% since 2021, faster hikes might help—but at what cost? Historically, a stronger yen has pressured riskier assets like bitcoin, yet lately the two have moved in lockstep, defying expectations. As Japan’s fragile finances face added strain, the Bank of Japan walks a tightrope: stabilize the currency without triggering economic chaos. The outcome? Uncertain. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/24a57ceb299d001d