$JPY yen carry trade is deemed the reason for 8/5 crash. As yields lower in US and rise in Japan, borrow from Japan, invest in US strategy is getting reversed. JPY was 161 in July 10, now 145. rising 11%. JPY strengthening makes JPY denominated debt troublesome. As credit is… pic.twitter.com/5MNqb6OAbk

— Ecoa Notes (@mestonecoa) August 6, 2024