carry
The Macro Pivot: Bitcoin’s Inverse Correlation with the Yen Challenges the Carry Trade Narrative
In the intricate dance of global macroeconomics, few relationships have been as closely watched by institutional investors as the interplay between the Japanese Yen (JPY) and risk-on assets. For years, the "carry trade"—the practice of borrowing in low-interest-rate currencies like the Yen to invest in higher-yielding assets—has been a cornerstone of global market liquidity. However, […]
