I believe the two are related and intertwined. The BOJ is all out in their losing policy and the level of FED repo participation is setting new records almost daily again like Sept. of 2019. This comes apart soon.    EUROPE NEWS

European Central Bank announces emergency meeting to discuss market rout

New Record: 97 Counterparties Take $2.224 Tln at Fed Reverse Repo Op.

https://www.zerohedge.com/markets/giant-hedge-fund-goes-soros-bank-japan-bets-billions-japan-and-mmt-will-break