Bank of Japan’s Tiny Rate Hike 🏦 #bankofjapan #inflationarygap
The Bank of Japan raised its reference rate to 0.5%, the highest in 17 years, sparking fears of a multi-trillion-dollar carry trade unwind. However, markets remained stable as investors saw no urgent need to exit yen shorts against the higher-yielding US dollar. 💹
#BankOfJapan #BOJ #InterestRates #ForexTrading #CarryTrade #Yen #USDJPY #JapanEconomy #FinancialMarkets #Investing
1 Comment
You're the King of explaining things in layman's terms, Well done 👏