Market Turbulence and the Global Impact of the Yen Carry Trade

In this week’s Trading Take, Beimnet Abebe from Galaxy Trading joins Alex Thorn to unpack the complexities of recent market volatility. The conversation zeroes in on the dramatic unwinding of the yen carry trade, detailing its profound effects on global risk assets, including cryptocurrencies and equities. They discuss the Bank of Japan’s unexpected policy shifts and their ripple effects from Tokyo to Wall Street, shedding light on how these moves influence investor strategies and market sentiment.
This episode was recorded on Wednesday, August 8, 2024.
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