Analysis
Yen Carry Trade Explained: Why It Moves Bitcoin
The yen carry trade is the world's cheapest borrowed money funding assets everywhere. Here is how it works, why it unwinds, and what it …
Bank of Japan
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Analysis
Bank of Japan: Why Its Rate Hikes Move Global Markets
The Bank of Japan raised rates to 1% in June 2026 — the highest since 1995. Here is why the BOJ, the yen and the carry trade matter to every …
Analysis
Strait of Hormuz Oil Shock: The Risk Markets Ignore
A Strait of Hormuz oil shock could reignite inflation, force a Bank of Japan rate hike, and trigger a yen carry trade unwind that hits …