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🚨 One of the week's biggest macro developments may be flying under the radar. The U.S. Treasury has reportedly intervened to support the Japanese yen for the first time in decades, with authorities selling euros to buy yen after the currency weakened to levels not seen since the 1980s. This isn't a routine FX event—it's a signal that policymakers are closely watching currency market stress. Why should crypto traders care? A sharp move in the yen can disrupt the global carry trade, which has historically amplified volatility across risk assets, including cryptocurrencies. If the yen stabilizes, it could support broader market sentiment. But if intervention fails and the carry trade begins to unwind, liquidity conditions could tighten quickly, weighing on stocks and crypto alike. While $BTC may be holding up today, USD/JPY is a macro chart worth watching just as closely. In many cases, major market moves begin in the FX market before spreading elsewhere. Always do your own research. #30YrYieldTopOrStart #OKXOrbitTopics #EarningsWeekAhead