Japan's 40-year government bond yield just climbed another 7.5 basis points, now sitting at 3.775%. For those tracking macro trends, this move signals shifting expectations around the Bank of Japan's monetary stance and global rate dynamics. Longer-dated JGB yields have been rising as markets digest inflation signals and potential policy normalization. When safe-haven yields climb, it typically reshapes how capital flows across risk assets—including cryptocurrencies and blockchain investments. Traders watching macro catalysts often keep tabs on bond markets as early indicators of broader sentiment shifts. The uptick here reflects broader global pressure on yields and could influence how investors rebalance between traditional fixed income and alternative assets in coming weeks.