🚨The real danger may not begin on the charts. It may begin in Japan. USD/JPY is back above 160, the same danger zone where Japan usually starts defending the yen. Now the Bank of Japan ends its meeting on June 16, with markets pricing a strong chance of another rate hike. If Japan hikes or steps in to support the yen, the chain reaction could move fast: The yen strengthens. Carry trades unwind. Global liquidity dries up. Tech stocks and crypto get hit. Then, just one day later, Kevin Warsh leads his first Fed decision. Strong jobs and sticky inflation leave less room for rate cuts and increase the risk of higher yields. If the BoJ tightens and Warsh sounds hawkish, risk assets could dump hard. This week is not only about charts. It is about Japan pulling liquidity while the Fed decides whether to tighten the grip. Crash first, or a fake dump before the next move higher?