Negative. Record high yields in Japan indicate financial tightening and pressure global liquidity, increasing risk aversion and potentially weighing on stocks and crypto in the short term.

The yield on Japan's 10-year government bonds has increased by 3.0 basis points to 2.3%, marking the highest level since February 1999. According to Odaily, the 20-year bond yield rose by 4.0 basis points to 3.295%. Additionally, the 40-year bond yield has surpassed 4% for the first time since its introduction in 2007.