Japanese yen holding steady as traders brace for election outcomes—but here's the tension: intervention fears are creeping back into the equation. When central banks start talking about smoothing currency moves, the whole market holds its breath. For crypto markets riding on global liquidity flows, this kind of policy uncertainty matters more than you'd think. Election cycles tend to spike volatility across assets, and if authorities step in to manage yen weakness or strength, it shifts the entire risk-on/risk-off dynamic that traders are positioning around. Watch the policy signals closely—they often ripple through altcoins and Bitcoin movements faster than most realize.