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U.S. Treasury Secretary Scott Bessent publicly urged BOJ Governor Kazuo Ueda to take decisive monetary steps against yen weakness, anchor inflation expectations, and limit excessive FX volatility — effectively official U.S. endorsement of earlier BOJ tightening. That shifts the USD/JPY risk skew lower and lifts JGB yields, and any faster-than-expected hike path compresses the yen carry trade that has funded leveraged positions in global tech and crypto, leaving BTC and ETH exposed to a liquidity-driven de-risking impulse rather than a fundamentals shock. Watch the next BOJ policy meeting and whether USD/JPY breaks back under 155; a hawkish shift there would be the confirmation signal, while continued BOJ patience keeps carry-funded risk appetite intact.
As a Forex signal, watch whether it changes price action, volatility, or flows around JPY=X, BTC, IXIC.
Original Source: Japan Times
This page is market information analysis, not investment advice.
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