3. Yen & carry
← macro anchor
·
dollar
→
bonds
→
yen
→
hard assets
· data to 2026-10-16
yen crowd
· via fintwit
0
25
50
75
100
YEN CROWD
yen weak
carry on
yen strong
unwind
65
USDJPY / EURJPY
158.0
158.0
1w
-0.2%
2026-10-16
USDJPY
158.0
158.0
1w
-0.2%
·
JAPAN
winning
EURJPY
177.6
177.6
1w
-0.0%
·
JAPAN
winning
dollar carry vs euro carry
-0.19%
vs
-0.04%
158.0
1w usd/jpy vs eur/jpy
·
euro carry
winning · 4 wks 3–1
USDJPY 158.0
· 1w ▼ -0.2% · 1m ▲ +0.7% · losing · yen firming
EURJPY 177.6
· 1w ▼ -0.0% · 1m ▼ -1.5% · winning · carry paying
US-JP
214.2 bp
214.2
1w
-9 bp
·
US
winning
US vs DE 2s10s
US -4.0
vs
DE -2.0
bp
33.00
today (2026-10-15)
·
GERMANY
winning · this wk US 1–DE 2
IT-DE
106.8 bp
106.8
1w
-3 bp
·
ITALY
winning
US-UK
-32.48 bp
-32.48
1w
-13 bp
·
UK
winning