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$E-mini NASDAQ 100 Futures(SEP4) (NQmain.US.US)$ The unwinding of carry trades, particularly those funded by the Japanese yen, is currently ongoing but far from complete. As of early August 2024, reports indicate that the unwinding process is only about 50% done. This is a significant development given that these trades had been a major factor in driving global markets, particularly due to the yen’s low interest rates which made it a popular funding currency .
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