For me, the 25bp BOJ hike is not the biggest issue. What matters is how far the BOJ goes and whether the yen strengthens quickly. Japan has been a major source of low-cost funding, so further hikes could make the yen carry trade less attractive. I would watch closely if USD/JPY moves below 150.
I do not think this automatically means global tech stocks will fall. Japan’s rate is still relatively low, and gradual normalization should be manageable. The bigger risk is a sudden carry-trade unwind, forcing investors to reduce exposure across U.S. tech, bonds and other high-beta assets.
For now, I am watching BOJ guidance, USD/JPY and whether Japanese investors bring capital back home as domestic yields rise. If these signals move together, this could become a global liquidity story. I would stay patient and keep some flexibility rather than overreacting to the hike.
@TigerStars @TigerClub @Tiger_comments
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