A large build-up of speculative short positions in the yen raises the risk of a sharp short squeeze if the BOJ signals more aggressive tightening, potentially unwinding yen-funded carry trades that support risk assets.
Bitcoin traders are closely monitoring Tuesday's Bank of Japan (BOJ) rate decision due to a significant build-up of speculative short positions in the Japanese Yen. This situation poses a risk of a sharp short squeeze if the BOJ signals more aggressive tightening. Such an event…
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