đŻđ”đš JAPAN JUST SENT A WARNING SHOT THROUGH GLOBAL MARKETS.
Japanâs CPI came in at 2.0%, beating expectations ahead of the BOJâs September 17 rate decision.
And the bigger story?
The BOJ is reportedly considering MORE AGGRESSIVE rate hikes than its current pace of twice a year.
Markets are expecting the policy rate to rise from 1.0% to 1.25%.
If that happens, Japanese interest rates would reach their highest levels since the 1990s.
Why does this matter?
Japan has been one of the worldâs biggest sources of cheap money.
Higher Japanese rates could pressure the yen carry trade, global liquidity, bonds, equities and even risk assets like crypto.
The era of ultra-cheap Japanese money may be ending.
And if the BOJ accelerates Global markets could feel it.
#Japan #BOJ #Bitcoin #Crypto #Markets
Japanâs CPI came in at 2.0%, beating expectations ahead of the BOJâs September 17 rate decision.
And the bigger story?
The BOJ is reportedly considering MORE AGGRESSIVE rate hikes than its current pace of twice a year.
Markets are expecting the policy rate to rise from 1.0% to 1.25%.
If that happens, Japanese interest rates would reach their highest levels since the 1990s.
Why does this matter?
Japan has been one of the worldâs biggest sources of cheap money.
Higher Japanese rates could pressure the yen carry trade, global liquidity, bonds, equities and even risk assets like crypto.
The era of ultra-cheap Japanese money may be ending.
And if the BOJ accelerates Global markets could feel it.
#Japan #BOJ #Bitcoin #Crypto #Markets