USD/JPY HAS CRASHED TO A 7-MONTH LOW And this is way worse than you can imagine. A stronger yen pushes large institutions to close their trades and convert everything back to yen. This has already happened in Q3 2024 and Q1 2025, both times the global markets crashed 15%-20%. The only difference is that the risk is much bigger this time. Fed rate hike odds are rising, inflation is heating up, the global bond market is imploding, and we are in the worst-performing month. If anything turns against the market, the selling would be MASSIVE.