Wu Blockchain (@WuBlockchain): Opinion: Reasons for the Aug5 Sharp Drop, BOJ Rate Hike and Exit of Yen Arbitrage
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Opinion: Reasons for the Aug5 Sharp Drop, BOJ Rate Hike and Exit of Yen Arbitrage The Bank of Japan raised interest rates, yen carry trades ended, traders began to close their positions, risky assets denominated in US dollars were sold and exchanged for yen to repay debts. When… https://t.co/T5ykEqstKu