🚨 #MACRO SHIFT — BOJ JUST SHOCKED THE MARKET 🇯🇵
Bank of Japan LEFT rates UNCHANGED.
Markets were fully positioned for a hike…
BOJ said NO.
This wasn’t nothing. This was a macro surprise.
Let’s break it down 👇
🔍 WHY A HIKE WAS EXPECTED
• Inflation holding above 2%
• Wage growth finally showing life
• BOJ already exited negative rates
➡️ Positioning leaned strong yen + risk-off
💥 WHY BOJ DIDN’T HIKE
This is the key:
• Inflation quality is weak
→ Mostly cost-push, not demand-driven
• Wage growth isn’t structurally locked in
• Japan’s economy remains fragile
• Financial stability risks > rushing tightening
🧠 BOJ chose stability over aggression
⚡ IMMEDIATE MARKET REACTION
• Yen weakened 📉
• Japanese equities ripped 📈
• Global markets caught a liquidity tailwind
🧠 THE REAL TAKEAWAY (PAY ATTENTION)
Historically:
🟢 Dovish BOJ = bullish risk assets
• More global liquidity
• Less tightening pressure
• Better backdrop for equities & crypto
Markets don’t move on expectations.
They move on surprises.
And this was a BIG one.
Stay sharp.
Liquidity is still breathing…
and risk assets can feel it 💰
🔥
#Japan #ETHMarketWatch #WEFDavos2026 #GoldSilverAtRecordHighs