yen carry trade

Markets are flashing red across every asset class. In a matter of hours, more than $3 trillion in value has evaporated, and the damage is not confined to one corner of the market — equities, […]

Here’s the short version: Bitcoin’s weekly moves have been lining up inversely with USD/JPY to a rare degree, and that flips a lot of neat narratives on their heads. If the dollar rips against the […]