Operation Save the Yen: Japan partially turns off the cheap money tap, with a little help from its ‘American friend’
Why now
Thesis: Yen policy shift threatens global carry trades
Catalyst to watch: BOJ policy signals and yen intervention
Main risk: Abrupt yen surge triggers disorderly unwind
Why it matters
Japan tightening cheap funding removes a global carry-trade pillar, pressuring risk assets funded in yen.
Sources
- googlenews · news.google.com · 2026-09-27 04:00 UTC
- googlenews · news.google.com · 2026-09-27 04:00 UTC