🚨 CRASH IN JAPAN: Today, USD/JPY dropped nearly 1.4% without any major news, which often happens when the BOJ intervenes. But why should you care? The yen has served as a low-cost source of liquidity for the global markets. When the BOJ intervenes to make the yen stronger, it forces investors to sell their assets to buy back yen. Currently, there's an estimated $6T in yen carry trade, and even a small portion of unwind could trigger a crash across all markets.(Crypto Rover)