Japan Is Trying to Stop the Yen Carry Trade… It Won’t End Well

Episode notes

Head to to check out GAMMA and start designing today! Japan may have finally figured out why the yen keeps getting crushed. And no - it’s not because some hedge fund in New York borrowed a few billion yen and YOLO’d it into U.S. Treasuries. That’s the cartoon version of the carry trade. That’s the version financial media repeats because it sounds simple: borrow cheap yen, buy higher-yielding assets overseas, yen goes down. But that is not the real carry trade. Eurodollar University's conversation w/Steve Van Metre Twitter: I’ll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here:

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