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Coinvo Trading
@CoinvoTrading
I trade full-time and print millions publicly | @Coinvo
Joined February 2022
97 Following    59.4K Followers
🚨 JAPAN JUST HAD THEIR WORST CRASH IN 3 YEARS Japan and the US were forced to rescue the yen after it collapsed to a 40-year low. That caused them to lose over ¥40 TRILLION. It also created a nightmare: A stronger yen crushes the overseas profits of Japan’s export giants. At the same time, Japanese bond yields are surging, borrowing costs are rising, and the AI trade that drove the Nikkei to record highs is unwinding. Japan is now being attacked from every direction: 1. Currency intervention 2. Rising interest rates 3. Collapsing tech valuations 4. Fears over its enormous debt pile The Nikkei has fallen roughly 16% in a month. Japan tried to rescue its currency. Instead, it may have f*cked its stock market.
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