Two critical events of great importance will take place today:
Japan's inflation data will be announced and US Federal Reserve Chairman Jerome Powell will speak at the Jackson Hole meeting.
🇯🇵The inflation data to be announced in Japan at 02:00 GMT will determine the BOJ's (Bank of Japan) interest rate policies. If high inflation data arrives, it may increase the pressure to increase interest rates. This will lead to the disruption of carry trade transactions and selling pressure in global markets. Low inflation, on the other hand, eliminates the BOJ's obligation to increase interest rates and creates relief in the markets.
🇺🇸The messages Powell will give at the Jackson Hole Meeting at 17:00 will shape the FED's future interest rate policies and economic intervention plans. Providing positive signals increases confidence in the markets and can prevent a possible economic crisis. However, if it gives uncertain or negative messages, it can create anxiety in the markets and deepen the economic crisis.
🟢If inflation in Japan is low and Powell gives positive signals, optimism will prevail in global markets. In this case, we think it will reflect positively on the Bitcoin price
🔴However, if inflation in Japan is high and Powell gives uncertain messages, market fluctuations will increase, and the risk of economic stagnation will increase. In this case, the entire market will be affected, as will Bitcoin.
We will continue to inform you instantly about the developments.
