The Japanese interest rate has been slowly climbing over the past 2 years. This is where the hedgies have been maximizing profit (or minimizing their naked short losses) by borrowing low interest Yen, selling it, and using the proceeds to buy high-yielding assets elsewhere.
From AI:
Over the past five years (2021–2026), the Bank of Japan's benchmark interest rate transitioned from a historic negative rate of -0.10% up to its current 31-year high of 1.00%
This all seems like the market préssure cookér is past its limit and is about to burst open.
The Japanese interest rate has been slowly climbing over the past 2 years. This is where the hedgies have been maximizing profit (or minimizing their naked short losses) by borrowing low interest Yen, selling it, and using the proceeds to buy high-yielding assets elsewhere.
From AI:
This all seems like the market préssure cookér is past its limit and is about to burst open.