Bitcoin traders have a reason to watch Tuesday's BOJ rate decision. Yen shorts are at a nine-year high
CoinDesk·
60-second summary
Bitcoin traders have a reason to watch Tuesday's BOJ rate decision as a large build-up of speculative yen short positions reaches a nine-year high, raising the risk of a sharp short squeeze if the BOJ signals more aggressive tightening, potentially unwinding yen-funded carry trades that support risk assets and impact global markets.
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.