Every Zipp story tagged #YenCarryTrade, newest first.
A stronger yen could force investors to unwind years of cheap-yen bets across stocks, bonds and crypto, reviving the cross-asset shock seen after the BOJ's August 2024 hike.
Governor Ueda tried on a hawkish tilt and markets shrugged it off: USD/JPY round-tripped, October hike still priced in, and the soft-yen liquidity that flows into risk assets stays open for Bitcoin.
It's not a sale yet, but Strategy's reversal of Saylor's never-sell stance meets a 40-year-low yen and a thin on-chain tape, leaving the market with no obvious lift.
Japan's carry-trade unwind was fully priced, the BOJ softened it with a bond-buying commitment, and Bitcoin held near $66K.
Japan's Nikkei posted its largest one-day market cap gain in years on June 15, adding over $465 billion in a single…
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