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Birdie_OKX
Japan's 10-year JGB yield reopening at 3.075%, its highest since 1996, matters beyond a local bond headline. With US yields already under pressure, a less forgiving yen funding backdrop could tighten conditions for leveraged risk positions.
The key transmission is not automatic selling; it is a higher hurdle for carry trades if BOJ tightening and long-end yields persist.
#Japan10YYield30YHigh
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