Negentropic, co-founder of Glassnode, stated that trading on the Bank of Japan's interest rate hikes is currently the most crowded trade in the market. Many accounts on social platform X are hyping up similar information. The 25 basis point increase has long been reflected in current asset prices. The only situation that could trigger a negative market reaction is if the Bank of Japan issues a hawkish forward guidance. Given that Japan is carefully balancing its current account deficit, inflation, and yen appreciation, it has no intention of acting rashly. The Bank of Japan's subsequent policy decisions will depend on economic data and will follow the model of the U.S. Federal Open Market Committee, prudently approaching each monetary policy meeting.