The Fed is about to cut interest rates, just 2 days and 7 hours to go!! Meanwhile, the Bank of Japan announced an interest rate hike. Previously, many people borrowed 0-interest or low-interest yen 日本 to buy U.S. Treasury bonds 美国 with annual yields of 4.5-5.5%, aka carry trades. Now, one side is cutting rates, reducing U.S. bond yields ⬇️ while the other side is hiking rates, increasing funding costs Push and pull—looks like a lot of traders will be forced to close their positions~ Where will all that money go? Come trade crypto and pump the market for us, bros!