Epic crash! Japan's most brutal interest rate hike in 30 years has actually crashed the yen, with the 157 mark in urgent danger, and global assets in turbulent waters?
The Bank of Japan's recent actions have turned "interest rate hikes to save the currency" into "reverse slaughtering pigs"! For the first time in 30 years, the interest rate has been raised to a high of 0.75%. It was intended to stabilize the yen, but the dollar against the yen surged to around 157, hitting a recent low, leaving only one step away from the market's warning intervention line of 160. How is this an interest rate hike? This is simply handing a "knife" for the depreciation of the yen! #牙医爆仓