The yen carry trade has historically influenced global liquidity conditions, and by extension, risk assets such as cryptocurrencies. A carry trade occurs when investors borrow in a low-interest-rate currency—traditionally the Japanese yen—and invest those funds into higher-yielding assets elsewhere. For many years, Japan’s ultra-low rate policy under the Bank of Japan made the yen one of the most common funding currencies in global markets. When Japanese interest rates remain near zero while ...
The yen carry trade has historically influenced global liquidity conditions, and by extension, risk assets such as cryptocurrencies. A carry trade occurs when investors borrow in a low-interest-rate currency—traditionally the Japanese yen—and invest those funds into higher-yielding assets elsewhere. For many years, Japan’s ultra-low rate policy under the Bank of Japan made the yen one of the most common funding currencies in global markets. When Japanese interest rates remain near zero while ...
Bank of Japan decision in December?
The Statement on Monetary Policy for the Bank of Japan's Monetary Policy meeting for December is scheduled to be released on December 19, 2025 (https://www.boj.or.jp/en/mopo/mpmsche_minu/m_ref/mref240731a.pdf). This market will resolve to the amount of basis points the upper bound of the short-term policy interest rate is changed by versus the level it was prior to the Bank of Japan's December 2025 meeting. If the short-term policy interest rate is changed to a level not expressed in the disp...
Bank of Japan decision in December?
The Statement on Monetary Policy for the Bank of Japan's Monetary Policy meeting for December is scheduled to be released on December 19, 2025 (https://www.boj.or.jp/en/mopo/mpmsche_minu/m_ref/mref240731a.pdf). This market will resolve to the amount of basis points the upper bound of the short-term policy interest rate is changed by versus the level it was prior to the Bank of Japan's December 2025 meeting. If the short-term policy interest rate is changed to a level not expressed in the disp...
