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What does a strong yen means for dollar, stocks, and crypto?

What does a strong yen means for dollar, stocks, and crypto?


Cryptopolitan
2024-07-28 22:55:01

The Japanese yen has been on a tear lately. Since July 11, the yen has surged by 5.2% against the US dollar. One major fallout from this is the unwinding of carry trades. Investors often borrow in low-yielding currencies like the yen to invest in higher-yielding assets elsewhere. But as the yen strengthens, these trades


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