Japanese equities are getting hammered as traders now price in an 80% probability of a December rate hike by the Bank of Japan. The yen's gaining serious momentum—but what's really fueling this currency rally?

Market participants are repositioning ahead of potential policy shifts, and the ripple effects are hitting risk assets hard. When the yen strengthens, it typically signals tightening liquidity conditions across global markets. For crypto traders, this matters: yen carry trades have historically funded speculative plays in digital assets.

The question now—will the BOJ actually pull the trigger? And if they do, how much further can the yen run before triggering broader deleveraging across markets?

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SatoshiNotNakamoto

· 8h ago

Hmm... is the carry trade really going to get liquidated this time? It feels like this wave is not as simple as imagined.

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ruggedNotShrugged

· 12-01 13:54

Japanese stocks face a big dump with an 80% probability of a rate hike in December... the yen carry trade is about to collapse, should we prepare for a Rug Pull with our leverage?

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0xSoulless

· 12-01 13:53

The Japanese stock market has been ruthlessly played people for suckers, with an 80% probability of BOJ raising interest rates... Well, another great performance of big funds harvesting retail investors. Yen carry trade withdrawals, we suckers in the crypto world have been screaming for a while, just waiting to be dumped.

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DeepRabbitHole

· 12-01 13:44

80% probability of interest rate hike? The Japanese stock market is doomed.

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On-ChainDiver

· 12-01 13:42

Is the BOJ really going to raise interest rates? Then the liquidation of the yen carry trade is what to really watch... we cryptobros need to be careful --- An 80% probability sounds impressive, but the BOJ has always been all talk and no action, so don't take it too seriously --- yen appreciation ≈ Liquidity drying up, those on-chain leveraged positions need to tighten up --- When the carry trade collapses, no one can escape... I've already been hoarding stablecoins --- So is the BOJ just bluffing or are they really taking action? This is the key to whether we can turn things around later --- The Japanese stock market is getting hammered... by the way, will crypto be worse off? It feels very likely --- If this wave really triggers large-scale deleveraging, how much of a fall can we expect?

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