https://www.msn.com/en-us/money/markets/japan-s-next-prime-minister-could-make-rate-increases-tricky-for-bank-of-japan/ar-AA1NVREh
i think this is partly why crypto started getting weak a few days back, new prim minister of japan not wanting the boj to continue rate hikes and cut instead. it's why the yen got slammed and the dollar ramped which probably contributed to putting some pressure on btc
BOJ also has to hike rates bc of the inflation japans facing, its almost the opposite of our situation (US) - stopping rate hikes and starting to cut makes inflationary pressures a lot worse bc japans mostly an import economy so prices are not only rising bc of inflation but ppls purchasing power would be crushed by a weaker yen which would obv be bad for the economy. that's prob part of whats lead to asia's sessions to be weak in recent days
what u want is boj hiking which strengthens the yen, ppl have more purchasing power to combat inflationary pressures and then the strengthening yen also puts pressure on the dollar making it weaker (trump also wants the weaker dollar to make reshoring manufacturing attractive to corporates as well as foreign companies like how tsm's been building factories here)
i think this is partly why crypto started getting weak a few days back, new prim minister of japan not wanting the boj to continue rate hikes and cut instead. it's why the yen got slammed and the dollar ramped which probably contributed to putting some pressure on btc
BOJ also has to hike rates bc of the inflation japans facing, its almost the opposite of our situation (US) - stopping rate hikes and starting to cut makes inflationary pressures a lot worse bc japans mostly an import economy so prices are not only rising bc of inflation but ppls purchasing power would be crushed by a weaker yen which would obv be bad for the economy. that's prob part of whats lead to asia's sessions to be weak in recent days
what u want is boj hiking which strengthens the yen, ppl have more purchasing power to combat inflationary pressures and then the strengthening yen also puts pressure on the dollar making it weaker (trump also wants the weaker dollar to make reshoring manufacturing attractive to corporates as well as foreign companies like how tsm's been building factories here)
MSN
Japan’s Next Prime Minister Could Make Rate Increases Tricky for Bank of Japan
Sanae Takaichi, the new head of the Liberal Democratic Party, is viewed as being in favor of expansionist economic policies and once called the central bank’s rate hikes “stupid.”
BGC Priv Journal
https://www.msn.com/en-us/money/markets/japan-s-next-prime-minister-could-make-rate-increases-tricky-for-bank-of-japan/ar-AA1NVREh i think this is partly why crypto started getting weak a few days back, new prim minister of japan not wanting the boj to continue…
that newsflow started coming out around here (blue is yen futures, green is dxy)
BGC Priv Journal
that newsflow started coming out around here (blue is yen futures, green is dxy)
dw, just sharing to take note of what may have contributed to the halt in momentum, idt its raising any alarm bells atm
❤1
interesting bid on TAO just now - its was breaking back down into the wedge and that bid just reversed it to try and break it out. Felt purposeful. HTF charts kind of wild
🔥2
BGC Priv Journal
interesting bid on TAO just now - its was breaking back down into the wedge and that bid just reversed it to try and break it out. Felt purposeful. HTF charts kind of wild
anyone know the tao catalyst? am going to look into it a little. Only longed last night bc that bid flow felt to purposeful/calculated to be random and something felt like it was going on
❤1
BGC Priv Journal
Alts- it feels like alot of the alts alr shed alot w/most going down since end of july. for ex. rn if this was last week with eth down 3%+, alts would be -7-15% depending and instantly. - PUMP turbo ran with sol, so its getting that 2x+ downside correlation…
didn't want to write twice (lazy lol)
similar concept to what's written in the quoted tg post
https://x.com/BlueLightCapit1/status/1976743717290594636
similar concept to what's written in the quoted tg post
https://x.com/BlueLightCapit1/status/1976743717290594636
X (formerly Twitter)
BasedGod 💹🧲 (@BlueLightCapit1) on X
On a 30% VIX move:
-Btc's down relatively "inline" with stock indices vs. 2x+ more down
- Alts are down relatively the same as indv stocks and down less than some of the really frothy ones.
- Alts are down relatively inline with alt majors like eth/sol…
-Btc's down relatively "inline" with stock indices vs. 2x+ more down
- Alts are down relatively the same as indv stocks and down less than some of the really frothy ones.
- Alts are down relatively inline with alt majors like eth/sol…
you don't fall like that and instantly recover with everything ok. Something broke, it can get worse before it gets better, be very careful. give it time to see how everything digests over the coming days before making any moves
👍5
-80% candle's across the board, craziest shit i've ever seen. there was no way to escape it with p much everything also losing function from dAPPs to cex's