Welp. Nikkei 225 down 3.7% and the usd/yen headed lower. Looks like we’re about to see just how much of that Yen Carry Trade is still out there.
https://m.primal.net/KdEn.jpg
https://m.primal.net/Kd...
is the mechanism here the yen gets stronger, so carry trade looks shaky, so liquidate assets to repay loans denominated in yen? Hence, the decline in Japanese stock prices?