For years, one number told traders where the Japanese yen (JPY) was heading. That number was the gap between US and Japanese interest rates. Apollo Global Management says it no longer works. Chief Economist …
Tag:
Yen
With the Bank of Japan (BOJ) expected to hike rates next week, some observers are worried that the Japanese yen could surge, triggering an unwinding of “carry trades,” crushing bitcoin. Their analysis, however, overlooks …
