The IMF has just signaled that the BOJ will raise rates twice in 2025 and once more in 2026 — to a neutral 1.5% by 2027.
The end of the era of free money from Japan.
For $BTC , this means: the yen carry trade will slowly die, liquidity will leave risky assets.
A short shock down? Or a new stress test before a big rally?
The market has not yet understood how serious this is.

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