Japan just hiked rates to 1.25% — highest in 31 years — and the yen *fell*.
That's the opposite of what was supposed to happen. No carry trade panic. No forced yen buybacks. Market read it as dovish and sold off instead.
The thing that usually nukes crypto during Japan hikes? Didn't happen this time.
That's the opposite of what was supposed to happen. No carry trade panic. No forced yen buybacks. Market read it as dovish and sold off instead.
The thing that usually nukes crypto during Japan hikes? Didn't happen this time.
