🚨 The Yen Carry Trade has been postponed, not ended 🤔🇯🇵
Today, the Bank of Japan raised rates by 25 basis points to 1.25%, but the surprise is that $USDJPY climbed and reached 158 for the first time in two weeks, even though the usual expectation after a rate hike is Yen strength.
The reason is simply the Federal Reserve. By raising its own interest rate, the Fed kept the interest-rate gap between the U.S. and Japan wide, giving the dollar more strength and keeping pressure on the Yen in place.
On top of that, the markets have started pricing in the possibility of another U.S. rate hike of 25 basis points.
And crypto? It doesn’t care right now and keeps flying higher 🤣
But this won’t last for long, in my opinion.
Large liquidity isn’t just thinking about the coming days—it’s preparing for what could happen over the next few weeks.
While it sells and reduces positions and realizes the majority of fast, impulsive players want to buy and profit quickly.
$BTC 👀 👇
#BTCBreaks80K
#BOJHikesRatesTo31YearHigh
#CryptoNews
Today, the Bank of Japan raised rates by 25 basis points to 1.25%, but the surprise is that $USDJPY climbed and reached 158 for the first time in two weeks, even though the usual expectation after a rate hike is Yen strength.
The reason is simply the Federal Reserve. By raising its own interest rate, the Fed kept the interest-rate gap between the U.S. and Japan wide, giving the dollar more strength and keeping pressure on the Yen in place.
On top of that, the markets have started pricing in the possibility of another U.S. rate hike of 25 basis points.
And crypto? It doesn’t care right now and keeps flying higher 🤣
But this won’t last for long, in my opinion.
Large liquidity isn’t just thinking about the coming days—it’s preparing for what could happen over the next few weeks.
While it sells and reduces positions and realizes the majority of fast, impulsive players want to buy and profit quickly.
$BTC 👀 👇
#BTCBreaks80K
#BOJHikesRatesTo31YearHigh
#CryptoNews
