Global Markets React to the Japanese Yen Carry Trade Unwind

From usfunds.com

Last Monday, global equities and digital assets underwent a dramatic selloff as the unwinding of the Japanese yen carry trade rattled markets. The S&P Global Broad Market Index (BMI), which measures the performance of more than 14,000 stocks around the world, retreated 3.3%, its worst trading day in over two years. The Tokyo Stock Price Index, or TOPIX, fell 20% in its biggest three-day wipeout ever. Meanwhile, the Bloomberg Galaxy Crypto Index tumbled as much as 17.5%. As an investor who’s weathered numerous market storms over the decades, I believe it’s important to understand the underlying causes of these ... (full story)