The Yen Carry Trade Is Unwinding — What It Means for Every Market Martee Watches
Martee Hibbs returns for his weekly check-in with a lineup of markets all approaching the same technical crossroads at once.
Gold and silver are both showing daily exhaustion on the downside, with weekly signals pointing to a possible final washout in the coming days before either can turn. Bitcoin has been stuck in a holding pattern for months, and the monthly chart is suggesting the same window could mark a turning point, though a deeper flush first is not off the table.
Underneath the charts sits a bigger structural question. Martee and Dick get into the Japanese yen carry trade, the arbitrage that has quietly funded a chunk of the current market environment, and what happens if Japan is forced to defend its currency. They also touch on the stalled Clarity Act, the strength still showing up in equities despite an aging rally, and why commodities may be setting up for a longer multi-year move.
This session was recorded on August 3, 2026.
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