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68 sats \ 2 replies \ @xz 28 Aug 2024 \ parent \ on: Japan’s Central Bank Signals Potential for More Rate Hikes news
I think I understood the general underpinnings of the carry trade long ago, but I still don't get why markets react in the micro like they did August 5 2024.
https://cdn.satellite.earth/2c3d68f0bdb3aebb8619ffc97ea5f67b5c075dc0b3208a5a27a6c18d59d9418c.png
Nor if the rate hike was a reaction due to market sentiment or what is Japan's game?
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0 sats \ 1 reply \ @TomK OP 28 Aug 2024
They need to hike to muddle through their monetary mess with rising inflation
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68 sats \ 0 replies \ @xz 28 Aug 2024
Ah yes. Stemming the tide with hedonic regression and a broom.
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