Cheap Yen, Expensive Tech: Unraveling the Japanese Connection to US Stock Markets Translations

  • Author:
    Geoff Robinson
  • Level: 
    Intermediate to advanced
  • Study time:
    10 minutes
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Course overview
The stunning resilience of US tech stocks has defied conventional wisdom, maintaining lofty valuations even as bond yields climb. While many point to AI enthusiasm or economic resilience, a more nuanced explanation may lie in an unexpected corner of the financial markets: the Japanese yen carry trade. Our analysis reveals how the historic gap between US and Japanese real rates has created a powerful but potentially fragile foundation for tech valuations – and why the biggest threat to the rally might not be what investors expect.

Available as part of our Premium Plus subscription tier.

What's included?

  • 1 video
  • How has the Yen carry trade impacted US Big Tech?
  • Insights from a #1 ranked data-driven analyst

Who should watch this playlist? 

Investment analysts and portfolio managers focused on US technology stocks or global macro strategies will find this analysis essential reading. It's particularly relevant for those seeking to understand the interplay between currency markets and equity valuations, or anyone puzzled by tech stocks' resilience in the face of rising rates. Risk managers at firms with significant tech exposure should pay special attention, as should forex traders and macro strategists monitoring Japanese monetary policy shifts.

Why TheInvestmentAnalyst.com?

We are the only training house that is able to bring top-ranked analyst experience into your classroom. We buck the trend. Most training businesses recruit junior ex-bankers to become their trainer. Our instructors cut their teeth teaching and then gain senior experience with investment banks.

We believe, you could not be in better hands.

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Geoff Robinson
FCA FMVA MFM

Thought leader, instructor, writer, financial influencer, Former UBS Managing Director and 8x #1 ranked analysts EMEA Institutional Investor Survey
ABOUT Geoff
Geoff has had a varied career. He was a Managing Director within UBS Equity Research, leading their Global Fundamental Analytics franchise. During this time, he was #1, ranked 9x in the EMEA Institutional Investor Survey. Before UBS, he was a material equity investor and LBO co-investor in two market exited training consultancies. Geoff has a passion for learning and is well-known for his ability to break down complex subject matter and distil it to an audience in a digestible and engaging manner. He brings this passion to TheInvestmentAnalyst.com. 
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