$ETH #以太坊行情解读 The Bank of Japan's decision on Friday is coming, and this rate hike could be a turning point.

Once the rate hike is implemented, how strong will the chain reaction be? The borrowing costs for the US government and ordinary people will both go up. If this really happens, it could break a nearly 30-year interest rate record.
The key question is: what does this move by the Bank of Japan mean? Previously, it played the role of an ATM in global arbitrage trading—cheap yen, with funds borrowing to invest abroad, continuously injecting liquidity into emerging markets and risk assets. Now, this logic is about to reverse.
This arbitrage game has always been risky, and once Japan starts tightening liquidity, positions held abroad will start to sweat. The pressure on the Japanese stock market is also significant; the Nikkei 225 has risen 24% this year, outperforming the US S&P 500, and the yen has appreciated 1.5% against the dollar. But can this rally hold in the face of policy shifts?
In simple terms: this Friday's decision could reshape the flow of global funds.