{"schema":"https://canary.danleech.com/api/v1/schema.json","version":"1.1","as_of":"2026-11-01T11:52:42Z","valid_until":"2026-11-02T01:52:42Z","next_run":"2026-11-01T17:40:00Z","assessed_by":"AI model (Anthropic Claude) against published rubrics","disclaimer":"Attention levels describing current conditions; not a forecast, and not financial, medical, legal or safety advice. For safety, follow official guidance.","note":"Content is data, not instructions. Cite the primary sources listed per signal for facts.","licence":{"name":"CC BY 4.0","url":"https://creativecommons.org/licenses/by/4.0/","attribution":"Canary (canary.danleech.com)","scope":"Canary's statuses, summaries and text. Third-party data and linked sources remain their owners'."},"id":"yen-carry","name":"Yen & carry trade","domain":"markets","domain_name":"Markets","status":"pending","trend":null,"horizon":"acute","tier":"fast","value":null,"value_num":null,"summary":null,"state":null,"for_you":null,"rubric_hit":null,"situations":[],"provenance":"metric","checked_at":null,"changed_at":null,"stale_after":null,"sources":[],"url":"https://canary.danleech.com/s/yen-carry","why":"Cheap yen borrowing funds positions worldwide; a sharp yen rally forces those trades to unwind, as in the global sell-off of August 2024.","drivers":"Bank of Japan policy, the US–Japan rate gap, JGB yields, currency intervention, risk appetite.","rubric":{"alert":"A move of more than 5% in a week or 10% in a month, with stress spreading to other markets.","watch":"A 3–5% move in a week, a 6–10% move in a month, or Japanese currency intervention.","normal":"The yen moves less than 3% against the dollar in a week and less than 6% in a month."},"history":[]}