Yen Carry Crypto Trading Over? Japan Signals Rate Hike

Japan’s 2-year government bond yield surged to 1% on December 1, its highest since 2008. Bank of Japan Governor Kazuo Ueda signaled a possible interest rate hike at the December 18-19 monetary policy meeting, sending ripples through global financial markets. This development could mark the end of three decades of ultra-low interest rates that fueled the yen carry trade. As borrowing costs rise and the yen strengthens, global markets now brace for significant deleveraging across asset classes source: https://beincrypto.com/japan-bond-yield-rate-hike-2024/