#日本央行加息至31年高位
👉 日元变贵了，群里聊
Bank of Japan raises rates to 1.25%📈
This is the highest level since 1995, and the voting result is 7 to 2.
August CPI came in at 1.9%, core at 1.7%.
That day, the yen first fell and then stabilized; USD/JPY held at 156.64.
The yield on 10-year Japanese government bonds fell by 4.9 basis points to 2.947%.
Ahead of the decision, the U.S. Treasury Secretary Bessent publicly applied pressure.
Talk of coordinated intervention was also put on the table.
What the market fears isn’t these 25 basis points—it’s that there may be several more rounds ahead.
The money for carry trades is borrowed from the yen.
As rates move higher, this portion of positioning will be gradually unwound.
Japan is a major global source of funds for overseas investors—when money gets more expensive, it gets pulled back out.
With a stronger yen, export stocks’ earnings won’t look as good.
Even U.S. Treasury bond buying demand will likely be reduced by a corresponding amount.
Bitcoin is above $77,000 on the day, up 1.28%.
Ethereum also moves back to around $2,477.
For crypto, cheaper yen funding is less available, so there’s one less chunk of buying for risk assets.
Do you think the yen will get added to again? Let’s discuss in the comments.
👉 日元变贵了，群里聊
Bank of Japan raises rates to 1.25%📈
This is the highest level since 1995, and the voting result is 7 to 2.
August CPI came in at 1.9%, core at 1.7%.
That day, the yen first fell and then stabilized; USD/JPY held at 156.64.
The yield on 10-year Japanese government bonds fell by 4.9 basis points to 2.947%.
Ahead of the decision, the U.S. Treasury Secretary Bessent publicly applied pressure.
Talk of coordinated intervention was also put on the table.
What the market fears isn’t these 25 basis points—it’s that there may be several more rounds ahead.
The money for carry trades is borrowed from the yen.
As rates move higher, this portion of positioning will be gradually unwound.
Japan is a major global source of funds for overseas investors—when money gets more expensive, it gets pulled back out.
With a stronger yen, export stocks’ earnings won’t look as good.
Even U.S. Treasury bond buying demand will likely be reduced by a corresponding amount.
Bitcoin is above $77,000 on the day, up 1.28%.
Ethereum also moves back to around $2,477.
For crypto, cheaper yen funding is less available, so there’s one less chunk of buying for risk assets.
Do you think the yen will get added to again? Let’s discuss in the comments.
