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The Japanese yen has fallen below 143 against the U.S. dollar, with a day low of 141.76. This decline is attributed to the Bank of Japan's recent interest rate hike, which has impacted the yen carry trade and led to a brief 'flash crash' in stock markets in early August. The U.S. dollar is poised to break 142 yen, hitting its lowest level of the year, raising concerns about the carry trade and implied accelerated rate cuts. Central bankers are expected to work through the weekend to address these issues, following the Sun. night selloff.
The U.S. dollar is poised to break 142 yen on Sun. night, hitting its lowest level of the year. Carry trade concerns are back, as the yen is now below the level that sparked the Sun. night selloff following the last jobs report. This will be a working weekend for central bankers.
The U.S. dollar is poised to break 142 on Sun. night, hitting its lowest level of the year. Carry trade concerns are back, as the yen is already below the level that sparked the Sun. night selloff following the last jobs report. This will be a working weekend for central bankers.
The Yen carry trade may be further unwinding as the dollar continues to depreciate against the Yen. The Bank of Japan (BOJ) recently raised interest rates, leading to a brief 'flash crash' for stock markets in early August. Markets quickly recovered afterward, however… The… https://t.co/hHhWvZU2Zk
