Japan's 2-year government bond yield just broke above 1.215%, marking a 0.5 basis point increase. For those tracking macro trends, this shift matters. Rising JGB yields typically signal expectations around Bank of Japan policy tightening or inflation pressures, which ripple across global asset classes—including crypto. When traditional debt markets tighten, capital often reallocates across risk assets. Keep an eye on how this plays out in the coming weeks, especially if we see further moves in Japanese rates. Market dynamics on this scale usually spark interesting conversations around portfolio hedging and asset rotation in the Web3 space.