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Japan's MoF intervention to defend the 160 USDJPY level is triggering a violent unwind of JPY-funded carry trades, compressing liquidity across G10 and EM currencies…
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Jun 2
·
16 min read
MoF Defends 160: JPY Intervention Ignites Global Carry Trade Liquidation
Japan's MoF intervention to defend the 160 USDJPY level is triggering a violent unwind of JPY-funded carry trades, compressing liquidity across G10…
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