Japan's monetary policy is about to shift gears. The Bank of Japan will likely unveil an upgraded growth forecast come January 23, signaling policymakers' appetite for another interest rate hike. What's driving this? The persistent yen weakness and strengthening wage growth are keeping inflation concerns front and center on the BoJ's radar. When major central banks start tightening while currencies weaken, it typically creates ripple effects across global markets—crypto included. Tighter monetary conditions abroad often reshape capital flows and investor positioning. For traders monitoring macroeconomic headwinds, Japan's rate trajectory is worth keeping tabs on.