A Liquidity Crossroads for Crypto
Short-term yields on Japanese Treasuries have hit their highest point in nearly a decade — and that is very relevant for the cryptocurrency market.
While all eyes are on the last interest rate decision by the U.S. Federal Open Market Committee, the Bank of Japan is set to decide its own policy stance only a day later.
And the conditions for each nation couldn’t be more different. While the Fed is expected to slash rates by 0.25% on December 10, the Bank of Japan is leaning in the opposite direction. Markets are increasingly pricing the possibility that the BoJ will go hawkish — or at least signal a shift away from its historically loose monetary stance.
10-Year Japanese bond yields have spiked by over 80% since January,…
