Posted by DigiNomad on 27th of Oct 2023 at 03:38 pm
It's the JPY 10 year yield you should be watching, IMO. As it
rises, the "carry trade" becomes less profitable. When it
comes to Japan, it's a very popular trade (massive understatement)
and it's a HUGE thing for US markets. Japanese investors borrow at
ultra low rates and invest at relatively higher rates in the
USA...and they do it at massive scale.
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Yen is up. Is that
Posted by dakotadj on 27th of Oct 2023 at 03:14 pm
Yen is up. Is that good for our stock market if it continues up? How about Gold also?
It's the JPY 10 year
Posted by DigiNomad on 27th of Oct 2023 at 03:38 pm
It's the JPY 10 year yield you should be watching, IMO. As it rises, the "carry trade" becomes less profitable. When it comes to Japan, it's a very popular trade (massive understatement) and it's a HUGE thing for US markets. Japanese investors borrow at ultra low rates and invest at relatively higher rates in the USA...and they do it at massive scale.