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Replying to Avatar Lyn Alden

The Nikkei is gearing up for a big drop today (their Monday morning). We'll see how it closes, but it's seemingly the largest 2-day drop in Nikkei history given what happened on Friday.

There's a lot of financial plumbing stuff going on currently. As Japan hikes rates from -0.10% to now 0.25%, they're disrupting the global carry trade, where a lot of global capital is borrowed from Japan and elsewhere in Asia and stuffed into U.S. large cap stonks.

Bitcoin caught up.

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brad 1y ago

https://open.substack.com/pub/westonnakamura/p/usdjpy-152-the-crowdstrike-of-global?r=1na0w2&utm_medium=ios

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