Japanese rates climbed significantly, closing gaps from previous levels in unprecedented trading. JGB volumes hit 2-year lows as BoJ considers additional hikes to combat rising inflation expectations. USD/JPY shows bullish momentum despite recent depreciation.
Key Levels: Support at 146.982 | Resistance at 148.510
Investor Takeaway: Diverging monetary policies (Fed cuts vs BoJ hikes) create complex dynamics; watch for volatility around policy decisions.