$BTC
🚨🚨 Is the Japanese Yen set to weaken further? 📢
The difference between the 10-year Treasury note yield and the Japanese 10Y Government Bond Yield is down to 2.09 percentage points, the lowest since March 2022 📢
Over the last 12 months, this gap has narrowed -1.41 percentage points 📢
This comes as the 10Y Treasury note yield has fallen -0.42 percentage points to 4.16%, while the Japanese 10Y yield has surged +0.99 points, to 2.07%, the highest since 1997 📢
Over the last few years, the USD/JPY currency has seen a close correlation with the 10Y rate differential between US and Japanese bonds.
Last June, this close relationship broke, and the US Dollar continued to strengthen against the Yen despite the narrowing gap.
This suggests investors are becoming increasingly worried about Japan’s heavy debt load and surging interest costs as rates move higher 📢
Rapidly rising debt costs can no longer be ignored 🔥📢
#Japan #BitcoinSPACDeal #CryptoMarketAnalysis #Market_Update