​Yen Craters As Japan Gives Up On Further Rate Hikes, Carry Trade Is Back With A Bang – Tyler Durden

Yen Craters As Japan Gives Up On Further Rate Hikes, Carry Trade Is Back With A Bang In the past two months, reports of the yen carry trade have been greatly exaggerated, largely as a result of market whiplash to Japan’s schizophrenic approach toward the currency. Recall, that for years on end, the BOJ and the government were doing everything in their power to crush the Japanese currency in hopes of sparking an inflationary wage-growth conflagration, which to a country stuck in a deflationary debt trap, seemed like the only possible exit from an existential implosion. But then, once the…  — Continue at ZeroHedge News : Read More