finance

Biggest crash for Japanese stocks since Black Monday 1987.

Markets are pricing-in a recession.

Japanese stock market futures are down another 3.5% today! Things will get ugly fast

🇧🇷🇺🇸-  Book: Making Things Think: https://holloway.com/mtt. Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph.

The Yen Carry Trade is Happening

What is the Yen Carry Trade
:: Borrowing in Japan, where interest rates are low, and investing in the US, where interest rates are high.

>If Japanese interest rates go up and U.S. interest rates go down, you make less money >Liquidate your U.S. investment and bring the money back to Japan = closing out the yen carry trade 

The outcome of the US election will determine the direction of the yen.