Japan's 5-year government bond yield just jumped another 3.5 basis points, now sitting at 1.675%. This ongoing rise in JGB yields is worth watching—it signals shifting expectations around Japanese monetary policy and has real implications for how capital flows across global risk assets, including crypto markets.

When JGB yields climb, it typically means investors are repricing inflation expectations or anticipating tighter policy ahead. This kind of yield curve movement often creates ripple effects: as traditional safe-haven bonds become more attractive, some liquidity gets pulled from riskier asset classes. The broader takeaway? Markets are recalibrating, and anyone serious about portfolio positioning should be tracking these macro signals closely.