The consensus seems pretty one-sided right now—traders are stacked short ahead of the Bank of Japan's next rate decision, betting it'll tank again like the previous four attempts. It makes sense on the surface when you look at the track record. I was ready to join the crowd with a short position myself, but I've been reconsidering the setup. Sometimes when everyone's positioned the same way, the real move catches you off guard. Worth thinking twice before blindly following the narrative.
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The consensus seems pretty one-sided right now—traders are stacked short ahead of the Bank of Japan's next rate decision, betting it'll tank again like the previous four attempts. It makes sense on the surface when you look at the track record. I was ready to join the crowd with a short position myself, but I've been reconsidering the setup. Sometimes when everyone's positioned the same way, the real move catches you off guard. Worth thinking twice before blindly following the narrative.