On August 5, 2024, Japanese stocks suffered their biggest daily loss since 1987. The Nikkei 225 closed down by over 12%. Shortly afterward, the Bank of Japan raised interest rates, causing the yen to surge higher. The increased interest rates and stronger yen forced market participants to unwind their yen carry trades.
This is a companion discussion topic for the original entry at https://blog.deltaray.io/strategies-that-survived-volzilla