🚨 BREAKING:
🇯🇵 JAPANESE INFLATION JUST HIT 3.0% ABOVE U.S. INFLATION FOR THE FIRST TIME IN 46 YEARS.
Why this matters for markets:
- Higher Japan inflation increases pressure for BOJ rate hikes
- Rate hikes threaten the yen carry trade
- Every 1% inflation gap vs the U.S. historically triggers ~$100B in bond selling
- That drains global liquidity and hits risk assets first
With BOJ hike odds rising, this is a real headwind.
Less liquidity means more volatility.
This is macro risk, not noise.
