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‘Yen Carry Trade’ Blamed for Global Market Rout, Jump Crypto’s ETH Sale Worsens Ether Plunge

'Yen Carry Trade' Blamed for Global Market Rout, Jump Crypto's ETH Sale Worsens Ether Plunge


The narrowing Japanese “yen carry trade” has been blamed for the Aug. 5 global market downturn that sent stock markets and top cryptocurrencies like bitcoin and ethereum plunging by double-digit figures. Some experts cite the disappointing U.S. jobs data and Mt Gox-related selling as factors contributing to the decline. Nikkei Posts Worst Single-Day Loss In […]

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