Japan just stepped in. But the real game is still in the FED's hands.

After a long silence, Japan's intervention on the Yen sent a clear message to the market:

"Above 160 is dangerous territory."

But don't miss the bigger picture:

FED held rates steady for 3 straight meetings

Powell won't pivot cleanly but cracks are forming

BOJ just started a delayed tightening cycle

The setup:

US staying high and tight

Japan playing catch-up from behind

Sound familiar?

This is 2022 2.0

Key difference:

FED isn't hiking anymore... they're just not cutting.

Market impact:

Short-term (1-3 weeks):

Equities and crypto could see a relief bounce

Mid-term (1-3 months):

If FED stays frozen → pressure returns hard

The real breakout?

When FED signals cuts

That's when Nasdaq and crypto enter their true trend

Bottom line:

Japan's move doesn't change the trend

It just buys time

The direction is still controlled by one player:

FED

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