The BoJ rate hike trade is the most overcrowded trade today. Too many accounts on X regurgitating information. 25 bps hike is already priced in. The only negative outcome is a hawkish forward guidance. Given Japan is waking a very thin line balancing current account deficit, inflation and strengthening Yen, there is no interest to jump the gone. BoJ will be data dependent and look at every meeting the same way the FOMC does.(𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰)