Japan might be heading toward the highest interest rates in 31 years! U.S. Treasury Secretary Besant has been repeatedly calling out Japan lately, with a clear message: stop pushing the yen down with ultra-low interest rates. Insiders reveal there's a 90% chance rates will be raised to 1.25% on September 18. Over the past decade, too much money has been borrowed in cheap yen to buy U.S. stocks, tech, and high-yield assets. If the yen appreciates, those who borrowed yen to buy assets will see paper losses. Once the losses hit a certain point, they'll have to sell the easiest-to-sell assets to repay their yen debts. The first to be sold? The ones that have risen the most and are the most liquid: NVDA, AVGO, AMD, TSM, and memory stocks like MU, as well as high-valuation, high-momentum software growth stocks. This was the playbook in August 2024: after the Bank of Japan hiked rates, the yen surged, the Nikkei dropped 12.4% in a single day, U.S. tech stocks lost liquidity, and Bitcoin pulled back 20% as well.