Hedge funds offer sky-high salaries to "snatch talent", will there be a big market for yen interest rate trading?

According to the Maoyi Financial APP, the talent competition in the field of the Japanese Yen exchange rate is intensifying, with banks and hedge funds scrambling to acquire experienced traders after widespread losses from the biggest market fluctuations in years. Some market participants are offering salary packages worth millions of US dollars to attract Japanese Yen interest rate traders, after the sudden sell-off triggered by Trump pushed Japanese bond yields to their highest level in 20 years. This new round of recruitment is based on last year's hiring frenzy that began before the central bank started raising interest rates.