Two major market narratives worth tracking this week:

First up - Alphabet's been crushing it lately while other Magnificent 7 members show mixed signals. The divergence among these megacaps tells us something about where institutional money is rotating. When one tech giant outperforms its peers by this margin, it usually hints at sector-specific catalysts rather than broad market sentiment.

Meanwhile, Japan's currency and bond markets are getting interesting again. The yen's recent movements alongside JGB yields could ripple through global risk assets. Historically, volatility in Japanese markets has preceded broader shifts in crypto and equity correlations.

Both stories matter for digital asset traders - tech stock performance often leads risk appetite changes, and yen carry trade unwinding has triggered crypto selloffs before. Keep these on your radar.