The yen is surging. Here's how it could hit portfolios around the world
· businessinsider.com
The yen carry trade lets investors borrow cheaply in Japan and put the money into higher-yielding currencies and riskier assets around the world.
The Japanese yen is surging, reviving an uncomfortable memory for investors: the carry-trade turmoil of the summer of 2024.
Early on Wednesday, a dollar bought...