Mojo Trades

#bojraisesratesto31yearhigh 🇯🇵 BOJ Raised Rates. So Why Did the Yen FALL? Imagine borrowing a currency whose central bank just raised rates… …and that currency still gets weaker. 😂 On Sept. 18, the BOJ raised rates 25bp to 1.25%, the highest level in 31 years. The vote? 7–2. But USD/JPY jumped as high as 158.05 as traders questioned how aggressive the next hikes will be. BUT HERE’S WHAT MANY PEOPLE MISS 👀 The market wasn't simply trading the hike. It was trading the guidance gap. The 25bp move was widely expected. What mattered was whether BOJ Governor Ueda would signal a clear path for more tightening. He didn't commit to a preset pace. Meanwhile, the U.S.–Japan rate gap remains wide enough to keep the carry-trade story alive: cheap-yen funding can still compete with higher-yielding assets elsewhere. And then came the crypto twist: BTC rebounded ~5.9% toward $81K after the BOJ decision. So: BOJ tightening ≠ automatic crypto selloff. But there is another risk. If USD/JPY pushes higher, intervention concerns can intensify. If the yen suddenly strengthens, crowded carry positions could unwind quickly. 🧠 Square Insight: Markets don't trade the rate hike. They trade the gap between what was expected and what was delivered. Do you think the next BOJ move will finally break the carry trade? Market commentary only. Not financial advice. #BOJ #JapaneseYen #CarryTrade $BTC