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Kevin Paffrath believes the strengthening of the Japanese yen will make the carry trade unprofitable for institutions and force a liquidation of foreign assets.
“The yen is strengthening and the carry trades are becoming unprofitable. This is the return of reality. This is that negative tailwind going away or that positive tailwind going away.”
Meet Kevin · Jan 2026 · 1 episode · 125K views on this topicExtracted by a model; may misattribute who said what.