Japan's 10-year government bond yield just jumped 3 basis points, now sitting at 2.3%. This shift is worth paying attention to—higher JGB yields typically signal changing expectations around interest rates and economic growth in one of the world's largest economies. For crypto and alternative asset investors, moves in traditional bond markets matter more than you'd think. When Japanese yields spike, it often reshapes how institutions allocate capital globally, which can ripple through risk-on and risk-off cycles in crypto. The timing here coincides with broader global yield movements, so watch how this plays out in the coming weeks.