Giuliano Giacaglia
@giu
This is the most important story in global finance right now. Japan is seeing their currency devalue due to liquidity problems, given that difference between Japanese interest rates and American ones is really high. Japan can't have its currency devalue or yields go up
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Giuliano Giacaglia
@giu
So the BOJ (Bank of Japan) is intervening in their market and trying to provide liquidity, and trying to hold their currency. The Japanese Yen is used for the carry trade, which is a 20T market. https://tinyurl.com/yvtnbd3a
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Borg
@ruz.eth
Why is it important? Would a Japanese recession have cascading effects?
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