Japan’s inflation increasing, will yen carry trade unwind come back to pressure crypto markets to the downside?

Looks like inflation numbers from Japan came in hotter than expected today. Earlier this week their GDP and other economic metrics were released and showed a strong economy further pointing to an overheated economy.

Looks like perfect scenario for Bank of Japan to want to raise rates again. Did the yen carry trade already unwind and this is priced in, or do people think this might cause a dump like it did at the end of last year when Bank of Japan raised rates?

Please post your thoughts in the comments.