Japan's 5-year government bond yield just hit a new record of 1.615%, breaking through previous resistance levels. This is a significant move that traders should be paying attention to. When JGB yields climb, it typically signals shifting expectations around interest rates and inflation in one of the world's largest economies. For crypto markets, higher rates in major economies like Japan can affect global liquidity conditions and investor risk appetite. Rising bond yields often correlate with shifts in how capital flows across different asset classes, including digital assets. The broader context here is that Japan's central bank policy continues to evolve, and these yield movements reflect market participants reassessing their macro outlook. Keep an eye on how this plays out—major shifts in JGB territory can have ripple effects that reach far beyond traditional fixed income markets.