(Bloomberg) -- Unwinding of yen-funded carry trades has further room to run and the Japanese currency may strengthen toward 100 per dollar over time...
-- Unwinding of yen-funded carry trades has further room to run and the Japanese currency may strengthen toward 100 per dollar over time, according to BNY.New York City’s Outdoor Dining Sheds Will Start Disappearing
The short positions were accumulated over the past years, when traders took advantage of BOJ’s ultra-loose monetary policy to borrow the yen and buy higher-yielding assets elsewhere. The strategy helped to push the currency to the weakest since the 1980s and prompted official intervention to prop it up in July.
“Given the current environment, the unwinding of yen will take many months to get to fair value again,” he wrote. “That will make the US election and the US business and credit cycles key, along with Japan and its own economic growth.”Q2 2024 Occidental Petroleum Corp Earnings CallFORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BYA PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code 1.
Automotive Turbochargers Strategic Business Report 2023-2030 Featuring BorgWarner, Bosch Mahle Turbo Systems,G Continental, Cummins, IHI, Mitsubishi, Turbodyne Technologies, Turbonetics Global Pet Snacks And Treats Market Poised for Remarkable Growth by 2032: Rising Disposable Incomes and Lifestyle Changes, Shift in Consumer Preference Towards Healthy Options
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Carry Trade Unwind Extends as Peso Sinks, Yen and Yuan Surge(Bloomberg) -- The yen and yuan pushed higher Monday, while the Mexican peso’s slump extended as traders continued to unwind emerging market carry...
Read more »
Unwind of $500 billion yen-funded carry trade only 50% done, UBS saysAn epic unwinding of the yen-funded carry trade that has reverberated through global markets is only about 50% done, a UBS analyst estimated on Tuesday...
Read more »
Yen Extends Advance as Global Carry Trade Unwind Ramps Up(Bloomberg) -- The yen rallied through key levels against the greenback on Wednesday, leading an unwind in global carry trades that pushed down currencies...
Read more »
Yen rises as carry trades unwind, risk sentiment takes a hitThe yen drew support from unwinding carry trades on Thursday ahead of next week's Bank of Japan (BOJ) policy meeting and as a rotation out of megacap growth ...
Read more »
Yen heads for strongest week in 3 months as carry trades unwindThe yen was poised for its strongest week in nearly three months on Friday as traders unwound their long-held bets against the frail currency ahead of...
Read more »
Unwind of massive yen-funded carry has room to go, analysts sayThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »