BOJ – DIGIT INFO

Japanese Yen Tumbles to 34-Year Low Against Soaring US Dollar

DIGIT — Sun, 28 Apr 2024 14:22:21 +0000

This week, the Japanese yen plummeted to its lowest point since 1990 against the U.S. dollar, weighed down by Japan’s monetary policy and uncertain economic indicators from the United States. Japanese Yen’s Rapid Decline Triggers Talk of Market Intervention The yen’s sharp drop to 158.283 per dollar signals a substantial downturn for the currency. This […]

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Bitcoin price holds steady amid spot BTC ETF outflows and uptick in unfriendly regulation

DIGIT — Fri, 26 Apr 2024 19:45:58 +0000

Bitcoin price holds above $63,000 even as regulatory enforcement ramps up and spot BTC ETF outflows raise concern.

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Japan’s Inflation Surges to 3.5% as New BOJ Governor Takes the Helm

DIGIT — Sat, 29 Apr 2023 20:00:27 +0000

This week, the Statistics Bureau of Japan unveiled the latest core consumer price index (CPI) report for the country, revealing a surge to 3.5%. This figure comes as a surprise to analysts who had predicted a more modest 2.9% for the end of the quarter. It’s worth noting that Japan’s inflation has been steadily rising […]

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Bank of Japan’s Kuroda Shocks Markets by Raising the Benchmark Rate to 0.5% From 0.25%

DIGIT — Tue, 20 Dec 2022 15:30:30 +0000

The Japanese yen is up 3.42% against the U.S. dollar on Tuesday as the Bank of Japan surprised the world by deciding to allow the benchmark interest rate to rise to 0.5% from 0.25%. The Japanese central bank was one of the only banks worldwide to hold off on raising benchmark interest rates, as policymakers […]

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Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,200 as Bank of Japan Policy Decision Impacts Markets

DIGIT — Tue, 20 Dec 2022 13:30:05 +0000

Ethereum rose back above the $1,200 level on Tuesday, as the dollar rebounded following the latest Bank of Japan (BOJ) policy decision. The bank adjusted its yield curve control, which increased its cap on the 10-year government bond, allowing moves of up to 50 basis points (bps), up from 25 bps. Bitcoin also rose on […]

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Bank of Japan Intervenes in Foreign Exchange Markets After Yen Slips to 24-Year Low

DIGIT — Thu, 22 Sep 2022 17:30:58 +0000

While the greenback has been rising higher, the Japanese yen tapped a 24-year low and Japan decided to intervene in foreign exchange markets (forex) for the first time since 1998. Reports say the Bank of Japan conducted the first forex intervention in 24 years, after the Japanese central bank kept its benchmark bank rate suppressed […]

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Japan will prioritize simplicity in CBDC design, says central bank executive

DIGIT — Fri, 15 Oct 2021 10:10:14 +0000

The Bank of Japan is keen to ensure seamless integration of its central bank digital currency with the existing payment architecture.

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Japan’s Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange Bybit

DIGIT — Mon, 31 May 2021 14:00:38 +0000

The Japanese government’s Financial Services Agency (FSA) has issued a warning to the crypto derivatives exchange Bybit claiming that the trading platform is allowing residents of Japan access to the exchange. The news follows the Bank of Japan Governor Haruhiko Kuroda criticizing digital currencies for speculation. Japan’s FSA Warns Bybit Fintech Limited Japan’s top regulator […]

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BOJ’s Kuroda Criticizes Bitcoin — Central Bank Governor Says Trading Is ‘Barley Used for Settlement’

DIGIT — Fri, 28 May 2021 13:30:23 +0000

Following the recent developments in China and the environmental concerns about bitcoin’s energy consumption, the Bank of Japan Governor Haruhiko Kuroda criticized the leading crypto asset bitcoin in an interview on Thursday. BOJ’s Kuroda Says Bitcoin ‘Volatility Is Extraordinarily High’ Bitcoin prices have slumped again on Friday after a tumultuous week. After tapping a daily […]

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Jamaica Plans to Pilot a Central Bank Crypto, CBDC to Work Alongside Notes and Coinage

DIGIT — Fri, 26 Mar 2021 04:30:55 +0000

While a number of countries are working on central bank digital currencies (CBDCs), on Tuesday, the Bank of Jamaica (BoJ) announced it will soon be piloting a CBDC project. The BoJ is working with a firm called Ecurrency Mint Incorporated and plans to pilot the cryptocurrency in May. Jamaican CBDC to Pilot this May Jamaica, […]

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