The Hidden Risk In Japan That Could Collapse Global Economies

Despite a weaker macro backdrop this summer, the carry trade stayed muted—July 2025 jobs failed to spark the market backlash seen in 2024, signaling important warning signs from the yen and JGBs.

Businessman, Internet, Continents

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The macro situation is worse this summer compared to last summer, so where's Japan's carry trade? If the July 2024 jobs report provoked a violent financial backlash, you'd think the July 2025 version would have, too. The fact that it didn't points to several key developments, important warnings from JPY and JGBs.

Video Length: 00:18:22


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