Arthur Hayes: If the Bank of Japan delays its quantitative tightening policy in June, it will be favourable for Bitcoin and other risk assets.

Gate News bot news, Arthur Hayes stated on social media: “I don’t think the ordinary people of Japan will agree. If the Central Bank of Japan delays the quantitative tightening policy in the June meeting and restarts selective quantitative easing, risk assets like Bitcoin will soar.”

According to previous reports from foreign media, Bank of Japan Governor Kazuo Ueda stated that Japan is “still some distance” from achieving its 2% inflation target, which has led to a weakening of the yen. Although he denied the possibility of interest rate cuts and emphasized that current interest rates are relatively low and need to be raised in a timely manner to retain stimulus space, his mention of the need to provide support for the economy was interpreted by the market as a delay in the timing of interest rate hikes, further weakening the yen. However, Shinichiro Kadota, head of foreign exchange and interest rate strategy at Barclays Securities Japan, stated that the depreciation of the yen is also influenced by the overall strength of the dollar.