#Carry Trade

The spot tape closed green. The cash curve did not care. Bitcoin slipped belo...

Most market commentary reads the Japanese Ministry of Finance's currency...

The number hit my screen at 3:47 AM Zurich time, and I nearly choked on my...

While the market fixates on Bitcoin's hash rate and Ethereum's fee burns, the...

Japan's ten-year government bond just hit 2.945 percent. The last time we saw th

Data shows something I haven't seen since the pre-crisis months of 2008:...

Tracing the immutable breath of the global financial system, one finds a...

The Mexican peso hit a fresh record against the dollar. The Brazilian real is...

Regulation chases shadows. Markets chase spreads. The Bank of Japan is stuck ...

The setup is unusually clean. Japan’s inflation data is no longer a clean...

Tokyo's policy trap is tightening. The July inflation data landed at 1.9%...

The Nikkei 225 dropped 2.00% intraday on August 19. On the surface, that’s a...

Speed runs require foresight, not just reaction. From the noise of 2017 to th...

Hook On May 12, 2024, the Bank of Japan’s rate hike signal triggered a flash...

Logic is binary; intent is often ambiguous. The Bank of Japan (BOJ) is...

Over the past 48 hours, the Japanese yen surged 2.3% against the USD, pushing...

Connecting the dots that others ignore or fear. The anomaly isn't just a glit...

Alerts screamed while the rest of the world slept. Tokyo opened like a boxer...

The carry trade is back with a vengeance. Wall Street's favorite macro...