The Yen Carry Trade
The Global Small Business Blog
AUGUST 9, 2024
©iStock/plusphoto There's panic on Wall Street and around the world recently, and it's not bad economic news or a terrible earnings report that's at fault. Instead, it's a highly leveraged yen "carry trade" that has led to billions of dollars in selling and liquidations starting in the crypto market on Sunday night. Here's how the yen carry trade works.
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