The unwinding of the Yen carry trade has been a significant event in the financial markets, leading to unexpected movements in asset prices.With the Yen carry trade now appearing unstable, it’s time for investors to consider alternative strategies. Here’s what to watch next.
WilfredWhy did the cryptocurrency market lose 15% of its value over a weekend? Thanks to the Bank of Japan for playing a starring role.
JinseFinanceJapan, Federal Reserve, the end of the yen carry game: the global market ushered in Black Monday, the Japanese stock market plummeted 12%. Golden Finance, the butterfly flapped its wings, triggering a tsunami in the global financial market.
JinseFinanceMetaplanet, a Japanese listed company, announced that due to the high level of government debt, long-term negative real interest rates and the depreciation of the yen, Metaplanet will use Bitcoin as its company's strategic reserve asset in response to Japan's severe economic situation.
JinseFinanceJapanese authorities intervene as USD/JPY surpasses 160, yen stabilizes around 154.5. BOJ faces dilemma: intervene or raise rates? Debt-to-GDP ratio exceeds 260%. Yen's decline may impact global currencies, Fed's stance crucial.
Xu LinWithin the ever-evolving cryptocurrency landscape, GYEN crypto emerges as a significant innovation reshaping decentralised finance. Developed by GYEN Labs and launched in 2018, this stablecoin operates on the Ethereum blockchain, offering users a secure alternative for financial transactions, bypassing the traditional banking system.
JoyReported by Reuters on July 20, this move aligns with the increasing global trend among central banks to delve into the development of digital versions of their currencies for retail use.
Coinlive The Mitsubishi UFJ Financial Group, Datachain, and Solamitsu are working on making the Progmat Coin, a Yen-backed stablecoin, interoperable.
BeincryptoBitcoin is showing signs of recovery, recording a 5.3% price pump for the past week to trade at $20,129.
BitcoinistThe U.K. government is a big fan of cryptocurrency and its economic policies seem tailor-made to crush fiat.
Beincrypto