The most watched carry trade currency pair. USD/JPY COT analysis: extreme Yen short positioning, BOJ intervention risk, and the massive yen carry trade unwind dynamics of 2024-2025.
The Yen carry trade involves borrowing JPY at Japan's near-zero interest rates and investing in higher-yielding assets (US Treasuries, stocks, EM bonds). An estimated
Three main triggers: (1) BOJ raising rates (increases JPY borrowing cost), (2) US rates falling sharply (reduces yield differential), (3) Global risk-off event (traders exit risky assets funded with JPY). August 2024's global equity crash was partly triggered by BOJ's surprise rate hike and simultaneous JPY short squeeze.
SniperIQ tracks USD/JPY COT weekly, BOJ meeting outcomes, and AI directional signal — get ahead of yen carry trade dynamics that affect all risk assets.
Three main triggers: (1) BOJ raising rates (increases JPY borrowing cost), (2) US rates falling sharply (reduces yield differential), (3) Global risk-off event (traders exit risky assets funded with JPY). August 2024's global equity crash was partly triggered by BOJ's surprise rate hike and simultaneous JPY short squeeze.
SniperIQ tracks USD/JPY COT weekly, BOJ meeting outcomes, and AI directional signal — get ahead of yen carry trade dynamics that affect all risk assets.