Morgan Stanley strategists calling for $JPY to drop back to ¥163 per dollar.
Their take:
- Recent yen strength = just short-term carry trade unwinds
- Target: ¥163
- Stop loss: ¥150
Carry trade squeeze fading. If they're right, risk-on flows back into crypto and equities. Watch $BTC correlation to DXY and yen weakness—historically bullish for risk assets when yen weakens.
Their take:
- Recent yen strength = just short-term carry trade unwinds
- Target: ¥163
- Stop loss: ¥150
Carry trade squeeze fading. If they're right, risk-on flows back into crypto and equities. Watch $BTC correlation to DXY and yen weakness—historically bullish for risk assets when yen weakens.
