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Japan's Interest Rate Hits 30-Year High, Boosting Yen and Crypto Volatility

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Japan's central bank lifted interest rates to 0.75% on December 19, a 30-year high. The 25-basis-point hike, alongside tax reform speculation, pushed yen funding costs higher and spiked market swings. BiyaPay analysts said rising rates could trigger sharper crypto moves as leveraged positions shift. Traders should watch key USD/JPY support and resistance levels and U.S. equity risk cues. Open interest analysis can help track position adjustments. BiyaPay offers multi-asset trading to let users adapt portfolios to risk levels.
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