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107 Bitcoin traders have a reason to watch Tuesday's BOJ rate decision. Yen shorts are at a nine-year high

CoinDesk
Omkar Godbole @ CoinDesk 3 place · today 02:41 EDT

Bitcoin traders have a reason to watch Tuesday's BOJ rate decision. Yen shorts are at a nine-year high

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.

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