Borrowing in JPY, exchanging for USD (unhedged), buying US equities
now they need to buy a rising JPY to cover their new obligations, and to get it they need to sell those equities.
h/t _amc_
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Borrowing in JPY, exchanging for USD (unhedged), buying US equities
now they need to buy a rising JPY to cover their new obligations, and to get it they need to sell those equities.
h/t _amc_