US Treasury Secretary just met with BOJ Governor Ueda. Key takeaway:

"Japan's economic fundamentals are solid. Excessive FX volatility is undesirable."

Translation: Don't expect wild JPY swings. Macro stability over chaos.

This matters for risk-on/risk-off flows into crypto. Stable JPY = less panic liquidations from Japanese institutional money.

Watch DXY and USDJPY correlation with BTC over the next few weeks.