BOJ plans to raise rates to 1.25% at September meeting

This signals a decisive step in Japan's monetary normalization, which could ripple through global carry trades and risk assets, including crypto, as yen funding costs rise. The move underscores a broader shift away from ultra-loose policy in a major economy, potentially tightening global liquidity conditions. For markets, the key question is whether this pace of hikes continues beyond September and how it interacts with other central banks' stances, as that will shape the dollar-yen dynamics and cross-border capital flows that crypto markets often track.