Japan’s Yen Crisis, the Carry Trade, and the Crypto Signal No One Should Ignore

Japan’s weakening yen could become much bigger than a currency story.

In this clip from The Weekly, David Sencil and Graham Stone explain why dollar-yen matters for global markets, how the yen carry trade affects risk assets, and why Japanese authorities may eventually be forced to act if the currency keeps sliding.

The most important signal may be what comes next: a conservative Japanese corporate pension fund planning to allocate 1% of its assets to cryptocurrency.

That number may sound small, but the message is much bigger. As the yen weakens and concerns over fiat debasement grow, Japanese institutions may start looking at crypto as part of a broader defensive strategy.

This is a macro story, a currency story, and a crypto adoption story all at once.

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