Bloomberg Originals
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Why Japan's Currency Is So Volatile
Posted
August 23, 2024
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675,639
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August 23, 2024
675,639
12,750
379
1.94%
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10:23Now PlayingThere were plenty of reasons for the global market selloff on Aug. 5, including premature worries of a US slowdown and fears of an artificial intelligence bubble. But one key factor was the unwinding of a popular yen-centered carry trade. The trouble began when the yen's value started rising after the Bank of Japan hiked interest rates for a second time this year. Now, as the dust settles, investors and Japanese business owners alike are questioning the yen’s role in the global economy.
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