The Bank of Japan just announced a "rate hike" action, and the global liquidity landscape is quietly beginning to change.

Ueda Kazuo's stance is very clear— as long as inflation data remains strong, rate hikes will continue. This is no small matter. Once the long-standing ultra-loose policy truly reverses, the flow of global funds will be reshuffled.

The question is, a chain reaction has already begun to brew:

Will the yen rebound strongly? Arbitrage trades that rely on yen depreciation are facing capital outflow pressures. Sentiment in Asian markets is also cooling, and volatility may increase. The most direct impact? High-risk assets—including cryptocurrencies—will be re-priced. The recent performance of assets like Bitcoin and Ethereum clearly illustrates this.

When the central bank "changes its tune," the market fears this kind of uncertainty the most. How quickly will the rate hikes proceed? Could a black swan event suddenly emerge? If the days of abundant liquidity truly end, should you adjust your positions?

Share your thoughts in the bottom comment section: which market do you think will be hit first by this policy shift?👇