Bitcoin braces for 2 December rate hikes as Japan inflation tops BOJ target
AI summary
Japan's core inflation rose above the Bank of Japan's 2% target in September for the first time in nine months, strengthening the case for a December rate hike. The BOJ is expected to hold next week, but its forward guidance matters, and the Federal Reserve is also expected to move in December. Traders care because tighter monetary policy from two major central banks could pressure risk assets including bitcoin.
