Yen Carry Trade Risk Edges Toward Bitcoin as Investors Underprice Japan’s Bond Market Shock

Japan’s bond market is undergoing one of its most dramatic repricing events in modern history. The implications may extend far beyond domestic fixed income, potentially spilling into global risk assets, including Bitcoin. Liquidity Tightening Raises Pressure on the Yen Carry Trade Japanese government bond (JGB) yields have surged sharply since the start of 2026. The 10-year yield has climbed to around 2 source: https://beincrypto.com/japan-bond-market-yield-surge/