Yen Carry Trade Unwind Simulator

Bilateral Capital Circuit & Liquidity Velocity FLOW: ACTIVE CARRY (BORROW JPY -> BUY US ASSETS)

Tokyo Policy Rate 0.25%

USD/JPY Spot Exchange 158.50

US Fed Rate 5.25%

Institutional Carry Trade Net P&L & Margin Buffer

Macroeconomic Policy Dials

BOJ Policy Rate 0.25%

US Federal Funds Rate 5.25%

Direct MOF Yen Intervention ¥0.0 Trillion

Hedge Fund Leverage Multiplier 4.2x

Systemic Stress Telemetry

Rate Spread (US - JP)

5.00%

Effective Return

+12.4%

Margin Health

100%

Forced Unwind Vol

$0B

SYSTEM HEALTH: STABLE CARRY

Borrowing in ultra-low cost Japanese Yen to fund high-yielding US assets and equities remains profitable. Capital continuously flows from Tokyo into Global markets.