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Japanese Yen: What is the yen carry trade, and why is it now melting markets...

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Published Time: 06.08.2024 - 03:03:12 Modified Time: 06.08.2024 - 03:03:12

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While Friday’s weaker-than-expected US jobs data was the catalyst for the global market meltdown, it wasn’t the only culprit behind the brutal sell-off that sent Japan’s sharemarket tumbling the most since the Black Monday crash in 1987, with Australia’s S&P/ASX200 off more than 3 per cent.

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