Across The Spread

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May 2025

Live Discussion on JGB / Global Bond Markets With Gayed on X
X Spaces today at 🇯🇵11AM / 🇺🇸10PM (EST) - additional material
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Weston Nakamura
JGB Vigilantes
If you want an actual market-read on long-dated UST yields, watch what's going on in long-dated JGB yields - which are blowing up.
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Weston Nakamura
7
Japan’s Paranoia Of Imminent Dollar-Yentervention
Domestic media is fueling a widespread, manufactured obsession among Japanese market players of “imminent JPY strength” at the hands of US, and what…
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Weston Nakamura
1
Asia Driven Markets On US/China 90-Day Tariff Pause
An alternate take on why this US-China “pause” is very bad for risk assets. USDJPY resistance levels, JGB yields, and equities.
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Weston Nakamura
3

April 2025

How USDJPY 140 Reversed Global Markets: USD, Equities, US Yields, Gold - A Deep Dive Into April ‘25 Market Behavior
Forget all of the nonsense headline narratives that markets are NOT trading off of, and just look at markets themselves.
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Weston Nakamura
1
Heads Up: USDJPY Quickly Approaching 140 Support
Immediate term implications on further USD downside, gold upside, US yields and more.
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Weston Nakamura
3
How Asia Is Guiding Trump Tariff Policy & Markets
Japan & China: tariffs, and selling US Treasuries. The great JGB short squeeze that kicked off UST volatility.
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Weston Nakamura
16
A quick note on Trump tariffs’ markets
MUFG vs JGB yields
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Weston Nakamura
25
Japan FY2024 Ends With A Crash
Overview of Japan-led global risk-off, the latest BOJ JGB buying schedule + alterations, and update on JGB yields & TOPIX Banks trade.
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Weston Nakamura
5

March 2025

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