japan just raised interest rates to 1%, the highest since 1995. your crypto bag might feel it even if you've never once thought about japan.
quick version of why this matters everywhere, not just tokyo:
for years you could borrow yen for almost free. big funds borrowed cheap yen and bought everything. stocks, bitcoin, risk. that's the carry trade.
when japan hikes, that money stops being cheap. funds unwind, sell the risky stuff, pay the yen back.
so a number moving in japan can quietly pull liquidity out of crypto worldwide.
0.25% sounds tiny. last time this trade unwound, it wasn't tiny at all.
watch the yen this week
