While China’s PBOC leaves their Loan Prime Rates unchanged as expected, the central bank issues an official statement on Friday warning of FX market intervention, should the yuan’s precipitous decline continue. Nonetheless, the yuan continued its downside move during Monday’s Asia trading session, as Wall Street estimates further price out the once-expected recovery. Weston Nakamura discusses the yuan’s weakness in context of “USD strength.” Then onto Japan, where the Nikkei225 and TOPIX indices continue their relentless marches higher for an 8th consecutive day, to new 3-decade levels. Weston Nakamura discusses how this current market setup may be one of the “once-per-decade” Japan equity explosions higher, given the foreign inflows and positioning, as well as the coincident rise in implied volatility that is often present when Japan has its episodes of “crashing to the upside.” -- 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.