MoonRocketman
The big dump yesterday morning, many people may not have expected where the real trigger was - the expectation that the Bank of Japan might raise interest rates, which is actually more destructive than some domestic policy actions.
One thing that is easily overlooked: the yen is no longer just a "safe-haven currency"; it resembles an invisible reservoir of global dollar liquidity. The reasoning is straightforward—institutions borrow yen at ultra-low costs, exchange it for dollars, and then invest in higher-yielding assets. This "carry trade" strategy has supported a lot of market bubbles. Howe
One thing that is easily overlooked: the yen is no longer just a "safe-haven currency"; it resembles an invisible reservoir of global dollar liquidity. The reasoning is straightforward—institutions borrow yen at ultra-low costs, exchange it for dollars, and then invest in higher-yielding assets. This "carry trade" strategy has supported a lot of market bubbles. Howe
BTC-1.79%

