What does a strong yen means for dollar, stocks, and crypto?

The Japanese yen has been on a tear lately. Since July 11, the yen has surged by 5.2% against the US dollar. One major fallout from this is the unwinding of carry trades. Investors often borrow in low-yielding currencies like the yen to invest in higher-yielding assets elsewhere. But as the yen strengthens, these trades […] source: https://www.cryptopolitan.com/strong-yen-for-dollar-stocks-and-crypto/