The Bank of Japan's preliminary October 27 release put September services producer inflation at 3.7%, compared with a revised 3.5% for August. Ocean freight accounted for the net acceleration, while inflation in labor-intensive services slowed. The BOJ's next policy decision is scheduled for Friday, October 30. A tighter-than-expected policy path and a stronger yen could pressure leveraged Bitcoin positions, but evidence of current deleveraging would also be needed to support that warning.