According to Omkar Godbole (@godbole17), Japan's 30-year bond yield has reached a record high above 3%, narrowing the yield spread with U.S. 30-year bonds as the spread shows a head and shoulders technical breakdown. The 10-year yield spread has also peaked, suggesting a strengthening Japanese yen (JPY) trend. For crypto traders, a stronger JPY often signals risk-off sentiment in global markets, which can lead to increased volatility and potential downside for major cryptocurrencies like Bitcoin and Ethereum as investors seek safe-haven assets (source: Twitter, @godbole17, May 20, 2025).