Yen hits 40-year dollar lows again ahead of Bank of Japan rate meeting

The Japanese yen has again fallen to 40-year lows against the US dollar, raising concerns ahead of the Bank of Japan's interest-rate meeting on Friday. Analysts warn of a repeat of the 2024 carry-trade unwind, when rapid yen short-covering pressured crypto markets. A potential shift in Bank of Japan monetary policy could once again trigger turbulence across digital-asset markets.