- *Bank of Japan's interest rate hike*: The BOJ raised interest rates for the first time in 17 years, causing market uncertainty and volatility.

- *Historical significance*: The last time the BOJ increased interest rates was in 2007, just before the US recession, drawing parallels and fueling investor concerns.

- *Impact on market*: The BOJ's rate hike has a more substantial impact on the market than other factors, including unemployment rates and WWIII fears, contributing to the current market downturn. three key points explaining the market downturn:

#July_NonFarmPayrolls_Shock #US_Job_Market_Slowdown #BinanceHODLerBANANA #SOFR_Spike