Japan's Interest Rates Hit 30-Year High, Boosting JPY and Impacting Crypto Volatility

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On December 19 (UTC+8), the Bank of Japan hiked interest rates by 25 basis points to 0.75%, the highest in nearly 30 years. The move, paired with a proposed 1 percentage point tax increase from 2027, shifted market focus to support and resistance levels in USD/JPY and crypto. BiyaPay analysts warned that higher JPY funding costs could push traders to adjust their funding rates strategy, reducing leverage and boosting volatility in crypto. They urge short-term traders to track key USD/JPY levels and U.S. equity movements while managing positions. BiyaPay offers multi-asset tools, including crypto spot/futures and U.S./HK stocks, to help traders adapt based on risk.
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