The Bank of Japan raises interest rates by 25 basis points to 0.75% (30-year high)
However, BOJ Governor Ueda signals three major dovish cues:
Rate hikes depend on data, with no preset path; inflation may fall below 2% in the first half of 2026; no clear timing for the next rate hike. This "tightening in action, easing in words" approach caused the USD/JPY to spike short-term to 156.37. Instead of rising, the yen fell, reinforcing the market perception that the BOJ is closely watching the Federal Reserve.
2. Yen depreciation benefits the transmission chain of risk assets
Weak yen = borrowing costs remain low + debt repayment costs decrease due to depreciation → Yen carry trade continues. Global capital borrows in depreciating yen, exchanges for USD, then invests in high-volatility, high-return assets like Bitcoin and tech stocks. 152 is a key support/resistance level for USD/JPY; as long as it doesn’t break below, the yen remains in a weak zone favorable to risk assets. #加密市场观察 #成长值抽奖赢金条和精美周边 $BTC $GT $ETH 🌺🌺🌺
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The Bank of Japan raises interest rates by 25 basis points to 0.75% (30-year high)
However, BOJ Governor Ueda signals three major dovish cues:
Rate hikes depend on data, with no preset path; inflation may fall below 2% in the first half of 2026; no clear timing for the next rate hike. This "tightening in action, easing in words" approach caused the USD/JPY to spike short-term to 156.37. Instead of rising, the yen fell, reinforcing the market perception that the BOJ is closely watching the Federal Reserve.
2. Yen depreciation benefits the transmission chain of risk assets
Weak yen = borrowing costs remain low + debt repayment costs decrease due to depreciation → Yen carry trade continues. Global capital borrows in depreciating yen, exchanges for USD, then invests in high-volatility, high-return assets like Bitcoin and tech stocks. 152 is a key support/resistance level for USD/JPY; as long as it doesn’t break below, the yen remains in a weak zone favorable to risk assets. #加密市场观察 #成长值抽奖赢金条和精美周边 $BTC $GT $ETH 🌺🌺🌺