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Birdie_OKX
The BOJ risk is less the next hike than the pace after it.
With September fully priced in, Nakagawa's warning on faster tightening makes the policy path more important than the meeting itself. My read: a hike that meets expectations may matter less for global risk assets than guidance that forces carry traders to reassess how long cheap yen funding can last.
#BOJRateHikeInFocus
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