Overseas institutions borrow in the low-interest yen to buy US stocks. If the yen strengthens, institutions will collectively unwind their positions and trigger a crash.
Furthermore, as the yen strengthens further, stocks become chaotic and crash, leading to further decline from panic selling. At the bottom, institutions buy. When bought, buying interest increases and institutions sell.
Everyone got caught, right!
I had anticipated a crash, so I took profits before the crash.
I'm glad I was able to buy at the bottom.
The fear index is still at a high level following COVID-19, so please be cautious!