Another plunge? Don't underestimate this Japan rate hike

Just 30 minutes after the market opened in the US, everything plunged, and almost all products are dropping

It's clearly a liquidity concern, and the focus might be the Japan rate hike issue that many have already underestimated

Many think the rate hike expectations from Japan have been mostly priced in,

but don't overlook the possibility of them staying hawkish in this week's meeting. If they signal more hikes next year, market risks would increase significantly

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