Bitcoin Under Pressure as Japanese Bond Yield Hits 17-Year High, Yen Depreciates
Yahoo Finance·2025-10-08 09:22
A lot can change in just a few days. Bitcoin recently reached new all-time highs of over in both U.S. dollar and Japanese yen terms, boosted by new Japanese prime minister, Takaichi Sanae's bias for ultra-easy Abenomics policy setting. However, the very same Abenomics bias now seems to be working against BTC through its impact on the bond market. One of the key features of Abenomics is the implementation of an expansionary fiscal policy, characterised by increased government spending to support economic ...