Bitcoin is trading around $64,000 this week as traders brace for back-to-back interest rate decisions from the Federal Reserve and the Bank of Japan. The Fed is widely expected to hold its target range at 3.5% to 3.75% for a fifth consecutive meeting, while the Bank of Japan is seen keeping its policy rate at 1%. But with the yen sliding past 163 per dollar — its weakest in 40 years — and odds of a surprise Fed hike creeping up, the stakes feel higher than a routine hold.
Central banks in focus
The Fed's decision lands first, with the Bank of Japan following two days later. CME FedWatch showed the probability of a July hike at 38% on July 23, up from 12% a week earlier, before easing to 34.2%. That shift came after June U.S. inflation data showed consumer prices fell
