It took 17 years for the Bank of Japan to raise interest rates from 0% to 0.25% last August. The moment they did, the stock market took a tumble as everyone scrambled to unwind their carry trades.

What's a carry trade? It's when you borrow a cheap currency (like the Yen) and use it to trade another currency (like the US Dollar) so you can dump it in your own market to chase gains. If it sounds like shorting the Yen, that's because it is.

The economy is fake and gay.

It took 17 years for the Bank of Japan to raise interest rates from 0% to 0.25% last August. The moment they did, the stock market took a tumble as everyone was scrambling to unwind their carry trades.

What's a carry trade? It's when you borrow a cheap currency (like the Yen) and use that to trade another currency (like the US Dollar) so you can dump it in your own market to chase gains. If it sounds like shorting the Yen, that's because it is.

The economy is fake and gay.

It took 17 years for the Bank of Japan to raise interest rates from 0% to 0.25% last August. The moment they did, the stock market took a tumble as everyone was scrambling to unwind their carry trades.

What's a carry trade? It's when you buy a cheap currency (like the Yen) and use that to buy another currency (like the US Dollar) so you can dump it in your own market to chase gains. If it sounds like shorting the Yen, that's because it is.

The economy is fake and gay.