I’m not finding a single article with a good summary, but you can find coverage on Bloomberg of all the twists and turns. FX markets are complicated, so you’ll need to do some research on how they operate as well. It’s not too hard to plug the keywords and concepts from these articles into AI and get a reasonably good background, though.

You can start here: https://www.bloomberg.com/news/articles/2024-12-02/yen-carry...