Calm before storm ??

🚨BANK OF JAPAN CALMS MARKETS

Banks of Japan pledges no rate hikes during market instability.

This sparked a rebound in Asian markets:

- Japan +1.2%

- Korea +1.8%

- Taiwan +3.8%

Monday's meltdown was due to rate hike fears, with SocGen warning about "unwinding the biggest carry trade ever."

Global asset classes were shaken.

But the waters have calmed (for now).

Giddy up!

Carry Trade Dispute: Will Yen Keep Swaying Global Markets?

Global stock markets experienced a "Black Monday," wiping out over $6 trillion in market value. The current market focus is on whether the "unwinding of yen carry trades" that triggered this sell-off has come to an end. On this issue, Wall Street analysts are divided. Goldman Sachs and Société Générale believe that the unwinding of yen carry trades is nearing its "end." Meanwhile, JPMorgan, UBS, and Scotiabank hold a different view, asserting that the "pain" of unwinding carry trades is not yet over.

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