The BoJ Trigger Has Fired. The Carry Unwind Has Not
The Bank of Japan is at 1%, its highest since 1995, yet the yen sits near 162. The scenario is no longer about whether Japan normalises, but when the stretched carry snaps.
bojjapanyencarry-trade
Currency Analysis
Currency Analysis & Research
Foreign exchange analysis covering dollar dynamics, euro, yen, yuan, and EM currencies. Rate differentials, intervention risk, and macro drivers of FX moves.
4articles · Updated daily
The Bank of Japan Just Raised the Price of Global Leverage
A BOJ policy rate around 1.0% is still low by Western standards. In yen-funded portfolios, it changes the sign on the trade.
bank of japanboj rate hikeyen carry tradeusd/jpy
The Portfolio Carry Trade Is Starting to Crack: 2026 Analysis
Key Currency Metrics
Get daily currency analysis delivered to your inbox.