Replying to Avatar Nostr News Network

The Yen carry trade collapsed in August 2024, the trading day after Japan raised rates from 0.1% to 0.25%.

Japan raised rates from 0.25% to 0.5% on Friday, so the carry trade hits on Monday. Seems convenient the DeepSeek news hits at the same time.
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protozoan numbness 11mo ago

How are those related?

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Nostr News Network 11mo ago

Yen carry trade imploding is terrible for tech stocks because that's what they buy with their leverage. Deepseek releasing right when they raised rates again added gasoline to the fire. China being China.