Bitcoin avoids volatility so far as the U.S. dollar takes a beating from fresh moves by the Bank of Japan.
The pair remained cool amid news from Japan, where the central bank — the Bank of Japan — had decided to keep an ultra-easy policy in place, defying expectations of an interest rate hike.
In doing so, both the Japanese yen and the United States dollar took a hit in the latest chapter of a“In keeping its key rate and yield curve control policy unchanged at today’s meeting, the Bank of Japan probably wanted to convey a message to the market; don’t fight the BoJ,“ ING BankCointelegraph contributor Michaël van de Poppe focused on a fresh decline in the U.S. Dollar Index following the news.
“Another bearish retest taking place on the DXY, in which this one starts to drop substantially, maybe even due to the announcements from the BoJ earlier today,” heU.S. Dollar Index 1-hour candle chart. Source: TradingView
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