I try to use my precious space in a national newspaper to demystify financial markets and encourage investors, amateur or professional, to understand where the key risks and opportunities lie.
Within that brief, the powerful ascent of stock markets, led by the US, has been the most notable feature of recent years, decades even. And yet not once while stocks have powered ahead have I ever pointed to the scary and serious sounding yen carry trade as a key factor behind the trend.
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