Mahlex

🚨BOJ's Strange Rate Hike... #bojraisesratesto31yearhigh Japan just raised rates to a 31-year high. The yen still weakened. That sounds contradictory — until you look at the carry trade. The BOJ raised its policy rate 25 bps to 1.25%, the highest since 1995, in a 7–2 vote. It was also the second hike in only three months. Yet USD/JPY jumped as high as 158.05 after the decision. Why? Markets focused on the two dissenting BOJ policymakers and judged the guidance less hawkish than expected. That matters far beyond Japan. The yen has been one of the world's major funding currencies for the carry trade — borrow cheaply in yen, deploy into higher-yielding assets elsewhere. So the real chain is: BOJ tightening → yen funding gets more expensive but: yen weakens → carry positions don't automatically get forced out And Bitcoin's reaction makes the picture even more interesting. BTC rebounded sharply after the BOJ decision, reaching around $81K according to Reuters. So today's signal isn't simply: “BOJ hikes = BTC bearish.” The bigger question is whether Japan's tightening eventually produces a sustained yen appreciation strong enough to force a larger carry-trade unwind. For now, the rate moved. The yen didn't follow. That's the part worth watching. #BoJ #BTCBreaks80K #BTC #JPY