Japan’s Bond Volatility Puts Global Liquidity, Bitcoin Under Pressure

A sharp repricing in Japanese Government Bonds (JGBs) tightened global liquidity and immediately stressed risk markets, with Bitcoin dipping below $91,000 during the episode. The move followed a surge in long-dated JGB yields—including 30- and 40-year maturities breaching 4.22%—alongside a Bank of Japan adjustment that lifted the policy rate by 25 basis points to 0.75% […]