So, is the Yen Carry Trade a Black Swan event? I have been reading various guesses about the size of this position as anywhere between 1Trn and 3 Trn (I am assuming that’s UD$, not ¥), and that around 50-60% of this monster remains to be unwound.
So, is the Yen Carry Trade a Black Swan event? I have been reading various guesses about the size of this position as anywhere between 1Trn and 3 Trn (I am assuming that’s UD$, not ¥), and that around 50-60% of this monster remains to be unwound.
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