Actionable Intelligence Alert with John Polomny
Business:Investing
Yen carry trade blows up, markets tank. John gets happy. AIA Weekly Report 8.3.24
The Japanese central bank raised interest rates for the second time this year. Markets tank as yen carry trade begins to unwind. The total value of the Yen carry trade could be as high as $20 trillion. I explain in basic terms what the carry trade is and the repercussions of it unwinding.
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