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Yen carry trade unwindingCoinGape
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70% Informative
JPY has gained to the highest levels against the U.S. Dollar since Jan 2024 raising severe concerns regarding the Yen carry trade unwinding going ahead.
Morgan Stanley analysts believe that a jumbo rate cut of 50 bps by the US Fed could make things worse for the USD.
The last time the carry trade trade unwind happened, the BTC price crashed heavily along with global markets.
The latest Bitcoin news in the market suggests that the market is carefully watching for such an eventuality to happen.
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