Carry Trade Collapse Sparks USD/JPY Plunge to 100

The global financial landscape was shaken in July 2026 when a series of predictions from Saxo Group came to fruition. One key event was the collapse of the carry trade, which led to a sharp decline in the value of the US dollar against the Japanese yen. The USD/JPY pair plummeted to 100, causing widespread instability in financial markets.

According to Saxo Group's Chief Investment Strategist, Charu Chanana, this event was triggered by a Trump-driven Fed pivot that crashed the carry trade. This move had significant implications for Japan, which is now facing its next asset bubble.

Other predictions from Saxo Group included the rise of Beijing's golden yuan as a challenge to US dollar dominance and the impact of quantum computers on digital security, leading to a crash in Bitcoin prices.