The Bitcoin (BTC) price showed a small reaction after the Bank of Japan (Boj) kept its benchmark rate unchanged at 0.5% on Wednesday, a decision that was in line with the market’s expectations as decision makers assessed the potential impact of US customs under President Donald Trump on Japan’s export -driven economy.

Boj highlighted “high uncertainties” about trade policies, where governor Kazuo Ueda emphasized the need to monitor how customs plans could ripen through global and Japanese markets.

The decision comes in front of an American Federal Reserve meeting where the rates are also expected to remain stable as Trump’s customs policy is great.

Japan’s monetary policy and bond yield have often affected BTC markets. A stronger yen and rising yield tends to weigh on Bitcoin by attracting capital to traditional assets, while a stable or weaker yen supports cryptocurrency’s appeal as an alternative value of value.

That said when the bank raised the rates in January, the Bitcoin prize kept stable because attention was focused on potential political development during Donald Trump’s stay.

Wednesday’s decision -making decision keeps the Japanese bond yield in chess, limiting the pressure on Bitcoin’s price.