Carry trade opportunity with BOJ's recent rate hike to 0.5%?

Hi everyone, With the recent announcement that the Bank of Japan (BOJ) has raised its short-term interest rate to 0.5% it's the highest level since 2008. The BOJ signals confidence in achieving stable inflation and rising wages, which could lead to further rate hikes, though these remain data-dependent. Following this, the yen has strengthened, and the markets are anticipating another rate increase within the year. Last summer, a similar rate hike led to significant market turbulence, notably collapsing the carry trade. For those unfamiliar, a carry trade involves borrowing in a currency with a low interest rate and investing in a currency yielding higher returns, exploiting the interest rate differential. Given this context, I'm curious about the potential for a renewed carry trade opportunity. What are the risks and benefits considering the strengthened yen and potential further hikes? Additionally, how might this affect global markets, and which stocks or sectors should we keep an eye on that could benefit from this shift? Thanks in advance!