Investors are unwinding the biggest ‘carry trade’ the world has ever seen, SocGen strategist says
Carry trades refer to trades wherein an investor borrows in a currency with low interest rates and reinvests the proceeds in higher-yielding assets elsewhere.
Good little 10 minute explainer on how "Carry Trades" relate to current happenings, and the global markets- Japan in particular. https://youtu.be/mCp0LJzNN1M