Fortsat risiko for finanskrise omkring udvikling i japanske yen
27/1 07:17
JPY dangers A stronger JPY could be dangerous here. If the yen snaps higher too quickly: 1. Carry trades unwind 2. Foreign investors dump risk 3. Domestic capital repatriates 4. Global fixed income feels the shock (JPY is a major funding currency) This is the classic sequence we’ve seen ahead of previous global risk-off episodes: JGB stress […]...