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Scott Bessent fired a currency bazooka, but global finance still looks like a 'giant Jenga tower' propped up by a Japanese yen that's in deep trouble

fm-term-meta-233910339-mutual-fund | FORTUNE · 2h ago · 🇯🇵 Japan

Scott Bessent fired a currency bazooka, but global finance still looks like a 'giant Jenga tower' propped up by a Japanese yen that's in deep trouble

"Now traders are watching the 'yen carry trade,' where cheap yen borrowing funds bets on higher-yielding assets worldwide, and wondering if it’s about to blow up."

Read the full story at fm-term-meta-233910339-mutual-fund | FORTUNE →

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