Two Central Banks Decide Interest Rates Next Week: What It Means for Bitcoin

The article says Bitcoin is trading near $64,000 ahead of back-to-back rate decisions from the Federal Reserve and the Bank of Japan next week. Markets mostly expect both central banks to hold rates, but Fed hike odds briefly rose to 38% after Brent crude topped $100 a barrel, reviving inflation concerns. The bigger risk for Bitcoin is Japan: the yen recently weakened to a 40-year low near 163 per dollar, raising the possibility of intervention or faster BOJ tightening later this year. Because many traders fund risk assets by borrowing yen cheaply, any stronger yen or BOJ hawkishness could trigger a carry-trade unwind and pressure Bitcoin. The piece frames Friday’s BOJ communication, especially its outlook on the currency, as the key near-term driver for crypto volatility.