Japan’s broken charts make me rethink risk assets

Nikkei at all-time highs and the yen near 40-year lows — that’s the kind of divergence that usually signals a loss of faith in the local currency, even if stocks look strong. 🤔 It makes me wonder if traders are pricing in a structural shift in global capital flows.

For crypto, a weaker yen could mean more Japanese retail interest in alternative assets like Bitcoin or Solana. But it also raises questions about how a stronger dollar vs yen impacts risk-on sentiment across markets. I’m keeping an eye on SOL and AVAX to see if they break their recent ranges as this narrative develops.