
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_
Independent thinking for complex markets and current events

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_