Finishing up the Hedge Fund Telemetry weekend notes. Still see risk of yen carry trade unwinding
— Thomas Thornton (@TommyThornton) August 18, 2024
I am seeing a lot of corrective wave 2 of 5 bounces not only with USDJPY but with equity indexes as well. USDJPY if breaks the recent low will qualify downside wave 3 of 5 with a potential wave 3 price objective of 133.36. pic.twitter.com/YtSccoEpSe
— Thomas Thornton (@TommyThornton) August 18, 2024
The unwinding of YEN carry trade in focus once again.
Backtesting the primary trend-line pic.twitter.com/54ga5jpEmq
— The Great Martis (@great_martis) August 16, 2024
I think the unwinding of the carry trade is far from over. The yen's newfound strength might be a temporary reprieve before another leg down.
— IsaacForecasts (@mktwavestamer) August 18, 2024
Nvidia
Story telling is over .
Gap closure, counter move complete.
Guess what happens next ? pic.twitter.com/YLhNsPsgLH
— The Great Martis (@great_martis) August 16, 2024
A FED rate cut could trigger a market sell-off due to the unwinding of Japanese carry trades. As the interest rate differential narrows, investors may sell the higher-yielding currency, leading to a stronger yen and potential losses for carry traders.
Do you agree?
— Sedo (@MrSedoo) August 17, 2024