After being sidelined by coronavirus, Weston Nakamura returns to Market Depth with charts and graphics to discuss the Japanese yen edging ever closer to the critical 145 level against USD - currently the single most important market and price level anywhere, as markets are on Japan officials’ intervention alert. Weston shows how Japan’s October 2022 unilateral foreign exchange direct market intervention was the most pivotal moment of the year in global markets - as that had forced a record-sized short covering of JPY futures, and simultaneously setting the top tick in the risk free rate of 10-year US Treasury yields to this day. Weston then discusses a potential major risk catalyst this week - in which Governor Ueda will be making his first English-speaking public appearance for the international community since becoming Governor of the Bank of Japan in Sintra, Portugal, sharing a stage with Fed Chair Powell, Bank of England Governor Bailey, and ECB President and host Lagarde - accentuating the policy divergences that have re-emerged. See Weston’s Twitter thread: JPY Price Action Explainer: https://twitter.com/acrossthespread/status/1615053103811952640?s=20 -- Follow Market Depth On Spotify: https://spoti.fi/3mVTs9U Follow Market Depth On Apple Podcasts: https://apple.co/40dA2vm Follow Weston: https://twitter.com/acrossthespread Follow Blockworks: https://twitter.com/Blockworks_  Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Disclaimer: Nothing discussed on Market Depth should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.