#以太坊行情解读 Friday's Bank of Japan decision is coming, and this rate hike could be a turning point

Once the rate hike is implemented, how fierce will the chain reaction be? The borrowing costs for the US government and ordinary people will all go up. If this really happens, it could break a nearly 30-year interest rate record.

The key question is: what does this move by the Bank of Japan mean? In the past, it played the role of an ATM in global arbitrage trading — the yen was cheap, and funds borrowed to invest abroad, continuously injecting blood into emerging markets and risk assets. Now, this logic is reversing.

This arbitrage game has always been risky, and once Japan starts tightening liquidity, positions held abroad will start to sweat. The pressure on the Japanese stock market is also significant; the Nikkei 225 has risen 24% this year, outperforming the US S&P 500, and the yen has appreciated 1.5% against the dollar. But can this momentum hold in the face of policy shifts?

Simply put: this Friday's decision could reshape the flow of global capital.