Ik vind het altijd zeer bijzonder hoe jij bepaald nieuws aan crypto probeert te koppelen. Als je dan toch wat relevant nieuws erbij wilt pakken dan kan je beter hier naar kijken.
The Yen carry trade is back.
And it could be bigger than the August 2024 crash.
The Bank of Japan (BOJ) announced today that it'll start selling $520 billion of its ETF holdings.
This immediately dumped the Nikkei 225 and other Japanese stock indices.
But this is just one part.
For decades, investors have borrowed cheap yen to buy assets like stocks, crypto, etc.
BOJ is now eyeing a rate hike in October due to inflation risks.
If a rate hike happens, investors will sell their global assets and convert them into yen to repay their debt.
This will bring massive short-term selling pressure, similar to August 2024.
As per one article, the yen carry trade size is nearly $14 trillion, which is 3.5x that of the crypto market.