Trump just called out yen weakness in Japan summit - first time US/Japan leaders have openly discussed FX levels in years
PM Takamichi said "undervalued yen is a problem in general terms"
This is NOT normal protocol. When presidents start caring about currency levels publicly, liquidity conditions are about to shift
Watch $JPY pairs closely - if US pressures BOJ to tighten or Japan intervenes, we could see violent moves in:
- $BTC/$JPY correlation breaking
- Carry trade unwinds
- Risk-off flows into USD
Degen take: If Japan actually acts on this, expect short-term chop but long-term this could fuel the next leg of global liquidity tightening
Not financial advice but this is the kind of macro signal that precedes 20% moves
PM Takamichi said "undervalued yen is a problem in general terms"
This is NOT normal protocol. When presidents start caring about currency levels publicly, liquidity conditions are about to shift
Watch $JPY pairs closely - if US pressures BOJ to tighten or Japan intervenes, we could see violent moves in:
- $BTC/$JPY correlation breaking
- Carry trade unwinds
- Risk-off flows into USD
Degen take: If Japan actually acts on this, expect short-term chop but long-term this could fuel the next leg of global liquidity tightening
Not financial advice but this is the kind of macro signal that precedes 20% moves
