Market crash: How and where can you invest overseas

Japan's yen currency broke the yin and yang of the global financial market on August 5, 2024. Nikkei 225, one of Japan's main stock index, plunged 12.4 per cent, its largest drop since 1987, on the back of the 'yen carry trade' crisis. For years, investors have been using the 'yen carry trade' strategy, wherein they borrow money from Japanese banks at ultra-low to nil interest rates and invest it in high-yielding assets in other countries. Essentially, this strategy worked as long as the yen, Japan's currency, remained cheap. But the Bank of Japan's decision to ramp up interest rates by 15 basis points made the yen appreciate around 7.5 against the US dollar, as of August 5, 2024. The sudden strengthening of the Japanese currency spurred investors to wind up their trades. Other threat