The yen (JPY) strengthened against the dollar (USD) and bitcoin
BTC$121,998.47
after U.S. Treasury Secretary Scott Bessent said the Bank of Japan is behind the curve on inflation and will probably have to raise interest rates.
“The Japanese have an inflation problem … They’re behind the curve, so they are going to be hiking, and they need to get their inflation problem under control,” Bessent said during an interview with Bloomberg TV.
STORY CONTINUES BELOW
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