Japanese Government Bonds (JGBs) climbed today as traders parsed through the latest inflation readings from Tokyo. The data release triggered a shift in market positioning, with investors recalibrating their bets on monetary policy trajectories. This kind of movement in developed-market bonds often signals broader sentiment shifts that ripple across global markets. When risk appetite cools or tightens elsewhere, it tends to reset positioning in digital assets too. The uptick in JGBs reflects investors seeking safety, a classic signal that's worth monitoring if you're tracking correlations between traditional markets and crypto. Tokyo's inflation narrative remains a key input for central bank watchers worldwide, especially as global economies juggle growth concerns and price pressures. Keep an eye on how bond markets continue to digest this data—shifts here can precede moves in riskier asset classes.