🇯🇵 Bank of Japan just signaled they've hit their 2% inflation target
Key moves:
• Policy rate staying at 1.25% for now
• Core inflation (ex-temporary factors) finally at 2%
• They're watching how September's rate hike plays out before next move
This matters for risk assets. JPY carry trade dynamics could shift if they hold longer than expected. Watch $BTC and altcoin liquidity flows closely—any hawkish pivot from BOJ historically drains liquidity from crypto.
Still bullish? Maybe. But don't sleep on macro headwinds from Japan tightening while the Fed pauses.
Key moves:
• Policy rate staying at 1.25% for now
• Core inflation (ex-temporary factors) finally at 2%
• They're watching how September's rate hike plays out before next move
This matters for risk assets. JPY carry trade dynamics could shift if they hold longer than expected. Watch $BTC and altcoin liquidity flows closely—any hawkish pivot from BOJ historically drains liquidity from crypto.
Still bullish? Maybe. But don't sleep on macro headwinds from Japan tightening while the Fed pauses.