The yen's catching a bid today after the Bank of Japan dropped some not-so-subtle hints about tightening policy. Markets are pricing in potential rate moves, and you can feel the shift in sentiment. Meanwhile, the dollar's walking a tightrope heading into December—key data drops and Fed signals could shake things up fast. Currency volatility like this tends to ripple across risk assets, crypto included. When central banks start playing hawkish, liquidity dynamics change. Worth monitoring how this plays out for broader market flows.