⚡️WALL STREET SUCCESSFULLY TESTS 5-SECOND XRP SETTLEMENT
JPMorgan, Mastercard, Ondo Finance and Ripple completed a cross-border tokenized Treasury redemption on the XRP Ledger.
Settlement took roughly 5 seconds, versus 3 to 5 business days on traditional banking rails.
The Bank of Japan is widely expected to hike its policy rate 25bp to 1% at its June 15-16 meeting (markets pricing ~80-95% odds).
This follows persistent inflation above target, rising energy costs, and heavy FX intervention ($100B+ recently) to support the weak yen.
Higher Japanese rates could unwind global yen carry trades and prompt big Japanese investors to rotate out of US Treasuries, risking volatility in bonds, stocks, and currencies worldwide.
That's the "Japan about to fuck the world" meme in the thread.