Bank of Japan Governor Ueda's Friday speech could ripple through crypto markets

Bank of Japan Governor Kazuo Ueda is set to address markets following the BOJ’s policy meeting on Friday, August 1.

What Ueda has been signaling

In a speech on June 3, he discussed the need to carefully weigh the pros and cons of rate hikes given the current inflationary landscape, particularly risks stemming from geopolitical tensions in the Middle East.

Dovish remarks from Ueda in April contributed to Bitcoin rallying above $74,000, buoyed by a weaker yen that made carry trades more attractive.

The BOJ’s quiet crypto curiosity

Bank of Japan Governor Ueda's Friday speech could ripple through crypto markets

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