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Pastimes : The Philosophical Porch

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From: Rarebird8/4/2024 5:59:31 PM
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Recent sell off is all about the reverse carry trade in regard to the Japanese Yen.

By lowering rates, the Fed will make the short squeeze in the Yen worse as interest rate differentials narrow.

That would spark more leveraged selling by borrowers of what was formerly cheap Yen in risk-on assets.
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