MBCC TH 7th August'23 - "Watch the JGBs and Dollar/Yen carry trade, what does it mean for Equities/Risk assets?

Last week something changed in the BoJ/JGB market as the yield curve moved higher, the Dollar/Yen carry trade has been in existence for decades, as Japanese rates move higher, the cost to fund this is getting more expensive.

You may not know it, but your fundamental long/short bet depends on it.

We tell you what/how…