BREAKING:

🇯🇵 Japan's 10Y bond yield has reached its highest level this century.
Rising bond yield means the market is expecting a rise in inflation, primarily due to the energy crisis.
But why should you care?
If bond yields keep going up due to inflation fear, BOJ could turn hawkish and do rate hikes.
A rate hike means Yen could strengthen, which will unwind the Yen carry trade and crash the markets, similar to August 2024.
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