🇯🇵 Japan's 10-year bond yield reached 2.30%, the highest level since 1999.

The 5-year bond yield also rose to 1.72%, approaching its all-time high, as markets react to mounting inflation pressures.

The reason is rising oil prices + Strait of Hormuz disruption = inflationary panic in Tokyo.

The dollar-yen exchange rate is approaching 160, the level at which Japan intervened twice in 2024.

Japanese officials warned they are "fully prepared to take necessary action."

Asia's energy crisis has now begun to seep into the entire bond market, threatening a broad market crisis.#GateOfficiallyIntegratesPolymarket