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The yen weakened beyond 157 per dollar and the 10-year JGB yield fell even after the rate hike, while the Nikkei 225 closed 1.5% higher — a textbook dovish-hike reaction where the market read the accompanying guidance as slower than priced. Softer JGB yields plus a weaker yen support exporter earnings and keep carry-trade funding cheap, which is marginally risk-positive for global equities and high-beta assets including BTC and ETH, since a disorderly yen squeeze remains the main de-risking trigger. Watch whether USD/JPY sustains above 157 without triggering MOF intervention rhetoric, and whether long-end JGB yields resume climbing, which would revive yen-repatriation and carry-unwind pressure.
As a Market signal, watch whether it changes price action, volatility, or flows around JPY=X, BTC.
Original Source: CNBC Markets
This page is market information analysis, not investment advice.
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