Love fellow Rebel Capital, so be well. So everyone remembers the Yenne carry trade blow up from just a few weeks ago, but unfortunately we haven't heard the last of the yen carry trade.

Let's go right over to Zero Hedge and I'll show you guys what I'm referring to.

The Japanese Central Bank, the BOJ just came out with huge, huge news about their interest rate policy moving

forward.

Remember, they've been in a rate hiking cycle, if you want to call it that, which led to this whole Japanese

yen blow up because the yen appreciated against the dollar and unwound a lot of that carry trade. Let's get right over to Zero Hedge and

check out what's going on now. So, Yen Craters as Japan gives up on further rate hikes,

Cary Trade is back with the bank.

So what's going on here is everyone in the marketplace

believed the BOJ that they were going to continue to hike rates.

They were going to normalize rates.

But if you guys remember me, well I've said this a few times on the channel where the last time I was in St Bart's actually the time prior I apologize the time

prior I was talking to my good buddy Steve who has been one of the top hedge fund managers

he's retired but was one of the top hedge fund managers, he's retired, but was one of the top hedge fund managers for 40 years.

In fact, he started in Japan in the late 1980s.

And this is right about when the yen was about 160

and the Ministry of Finance

came in and intervened in the market

to try to get the yen to appreciate because it was declining rapidly

against the dollar. And that's when the Central Bank also started to take interest rates up and I mean up I mean from like 10

negative 10 basis points up to like positive 10 basis points not really up that much. But they started this rate hiking

cycle if you want to call it that, which makes the yen appreciate and that's what blew up the

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