According to @godbole17, Bank of Japan rate hike discussions and firming JGB yields are influencing U.S. Treasury markets, with the U.S. 10-year yield appearing to carve out a head-and-shoulders pattern, a setup traders are watching closely for directionality signals, source: @godbole17 on X, Dec 1, 2025. In classical technical analysis, a confirmed head-and-shoulders top in yields signals a potential downside reversal in the rate and upside in Treasury prices, which affects risk positioning across assets, source: CMT Association curriculum; John J. Murphy, Technical Analysis of the Financial Markets. Crypto traders monitor U.S. rate moves because shifts in yields can alter liquidity and risk appetite that have shown varying historical correlations with digital assets including BTC and ETH, source: Coin Metrics, State of the Network; CME Group education. The near-term trading takeaway is to watch the 10-year neckline and BOJ policy headlines for confirmation and cross-asset volatility that could impact BTC and ETH positioning, source: @godbole17 on X; CMT Association curriculum.

According to The Kobeissi Letter, the Japanese yen fell to its weakest level against the US dollar since January 15 while Japanese government bond yields surged to record highs (source: The Kobeissi Letter, X post on Nov 19, 2025). The Kobeissi Letter added that stimulus will not fix Japan's economic problems and characterized the move as a collapse, flagging USD/JPY and Japanese rates as key areas for traders to monitor for momentum and volatility (source: The Kobeissi Letter, X post on Nov 19, 2025).