The Bank of Japan raised its policy rate to 1.0%, the highest since 1995, threatening the yen carry trade that has fueled crypto market leverage for years.

The Bank of Japan is expected to raise rates to 1% at its June meeting, the highest since 1995. Here's what it means for crypto and global markets.

Bank of Japan is expected to raise rates to 1% as inflation, weak yen and energy costs push the central bank towards tighter monetary policy.