THE YEN CARRY TRADE IS OVER.

For 30+ years, Japan gave the world zero-cost capital.

Trillions in borrowed yen flooded stocks, bonds, real estate and crypto.

That era just ended.

- BOJ rate: 0.75%, highest since 1995

- 10Y JGB: 1.96%, highest since…

$AT $AKE $AKE #TrumpTariffs

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