🔥LAST🔥
THIS DATA FAVORS THAT A DISMANTLING OF THE YEN CARRY TRADE DOES NOT OCCUR
🎯Core CPI INFLATION in Japan FELL more than expected, going from 2.8% to 2.3% while a 2.5% was anticipated
Why would this be positive as it reduces the chances of an aggressive dismantling of the YEN CARRY TRADE⁉️
🔸This morning, the BoJ president stated that rising inflation would justify more RATE HIKES
🔸That inflation has DROPPED reduces the urgency for another short-term rate hike
🔸The next hike is expected only for June/July
-Let's remember, why would a rate hike be NEGATIVE for financial markets⁉️
▫️Because Japan lent more than $20 TRILLION to the world at a 0% rate
▫️That money was used in the famous Carry Trade: taking debt in yen and buying more profitable assets like stocks, bonds, and crypto
▫️But if rates rise in Japan, the Yen rises and the loan becomes more expensive
▫️Result: investors are forced to sell their assets (including #Bitcoin and #crypto) to close positions or cover losses,
📍This massive selling would create a domino effect in ALL global markets
📍Therefore, a FALL in inflation reduces the risk that Japan RAISING the rate in a more aggressive manner than expected