$BTC $ETH $BNB
The Bank of Japan has finally raised interest rates to 0.75%!
The last “zero interest rate old man” in the world is finally willing to wear long pants.
90 trillion “cheap yen” carry trade? Don’t panic, the number from China Merchants Bank might include the foreign debts of all Japanese people, pet savings, and convenience store change. The actual positions to close aren’t that exaggerated.
The yen is no longer cheap, and the carry traders are collectively crying in the bathroom: borrowing yen used to be like drinking free water, now you have to pay for bottled water.
Global liquidity? Don’t worry, it won’t evaporate instantly; at most it will change from “flood” to “tap water” — more expensive, but still enough to flush the toilet.
In a nutshell: the yen has appreciated, the Japanese economy is happy, and the leveraged guys on Wall Street are starting to eat instant noodles.😂
