The Bank of Japan: Dovish, but not entirely
Sources say it’s leaning toward holding off on a rate hike this month, and will see how things look in December. Just last month it raised rates to 1.25%, while the U.S. Treasury secretary was urging it from the sidelines to “continue normalizing.” And now it’s turning around and preparing to take a month off. The final decision could still change on the day of the meeting, the 30th—this is more unpredictable than opening a blind box.
Those who borrowed cheap yen for carry trades just got their loans extended for another two months. Risk assets get to hook up to the oxygen tank for now, while the folks left holding the bag will once again foot the bill for the whole market.
Anyone holding positions, gather in the comments: are you using this breather to add to your positions or get out? Comment 1 to add, 2 to retreat.
$BTC $ETH $SOL
Sources say it’s leaning toward holding off on a rate hike this month, and will see how things look in December. Just last month it raised rates to 1.25%, while the U.S. Treasury secretary was urging it from the sidelines to “continue normalizing.” And now it’s turning around and preparing to take a month off. The final decision could still change on the day of the meeting, the 30th—this is more unpredictable than opening a blind box.
Those who borrowed cheap yen for carry trades just got their loans extended for another two months. Risk assets get to hook up to the oxygen tank for now, while the folks left holding the bag will once again foot the bill for the whole market.
Anyone holding positions, gather in the comments: are you using this breather to add to your positions or get out? Comment 1 to add, 2 to retreat.
$BTC $ETH $SOL