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The wide spread between rapidly rising rates in the US and other countries and negative rates in Japan made it possible.
However, as the BOJ began raising rates, this resulted in an unwinding of the carry trade.
Especially as rate cuts are beginning in the US and EU.
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When you confront a stuck bolt or screw: righty tighty, lefty loosey.
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Instead, know that there are two absolute numbers that are significant: $10 million and $100 million.
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