High debt meets rising yields: Yen falls despite rate hike, derivatives exposure hits trillions, and BOJ signals bigger moves coming
Everything’s lining up for a Q1 shock. THE YEN PARADOX 82,640 contracts betting against the yen. Second highest since July 2024. The Bank of Japan just confessed this morning they have barely begun. After hiking to a 30 YEAR HIGH at 0.75 percent, the yen did not strengthen. It collapsed …