Japan's Yen-US Tech Link
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•Why the Japanese yen is pushing around the US stock market: Morning Brief
76% Informative
The Japanese yen has found itself tightly correlated with US tech stocks.
Japan has been mired in a decades -long deflationary spiral, and its rates have hovered around the zero line for decades .
An entire cottage industry of investors emerged who borrow cheaply in Japan , then reinvest in higher-yielding assets elsewhere.
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