Expert to XRP Holders: Pay Attention to Japan. Here’s why

The article argues that Japan’s monetary policy is an important macro driver for XRP and broader risk assets. Crypto commentator Chad Sartin says Japan’s gradual move away from ultra-low rates is tightening the spread that made the yen-funded carry trade attractive, which could gradually drain liquidity from markets. He stresses that the carry trade has not fully collapsed yet; instead, the market is in a buildup phase where pressure is increasing quietly. Sartin says the real “reverse carry trade” would occur only if the yen strengthens sharply and investors unwind leveraged positions quickly, potentially causing abrupt repricing across stocks, real estate, and cryptocurrencies. The piece is more of a macro warning than a direct XRP-specific catalyst, but it frames Japan’s policy shift as a potential headwind for global liquidity and risk assets if the trend accelerates.