Bank of Japan Set to Raise Benchmark Rate to 1 Percent on June 16
The Bank of Japan is set to raise its benchmark rate to 1 percent on June 16, the highest since 1995. Leveraged funds hold more than 115,000 speculative short yen contracts, the most since November 2017.
coindesk.comBitcoin traders are watching the Bank of Japan’s policy decision scheduled for Tuesday, June 16, 2026. 75 percent, a level last seen in 1995. Leveraged funds held more than 115,000 speculative short contracts in the yen in the week ended June 9, according to Commodity Futures Trading Commission data.
That position is the highest since November 2017. A rate increase and any signal of faster tightening could force those shorts to unwind. The resulting yen appreciation would pressure yen-funded carry trades that have supported risk assets, including bitcoin.
The current positioning mirrors the period before the Bank of Japan’s July 31, 2024 rate hike. Bitcoin fell from roughly $65,000 to $50,000 within one week after that decision. 65 at the time of publication on June 15, 2026.
Governor Kazuo Ueda leads the Bank of Japan.
