X @Michaël van de Poppe

The Bank of Japan has hiked their interest rates.Big news!However, markets knew this beforehand, so the actual impact of this rate hike is:- Firstly, going to have less impact the more those will take places as the marginal impact for the Carry Trade is getting less and less.- Secondly, as everybody knew about it already, the markets have overpriced this to the downside prior to the event expecting a big crash to occur.This is now over, and given the soft read on inflation, it's time to get back to the fair ...