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Yen Carry Trade Which Blew Up Markets Is Back
Posted
August 16, 2024
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August 16, 2024
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1:17Now PlayingA popular yen-centered carry trade that blew up spectacularly two weeks ago is staging a comeback. Japan’s currency has weakened more than 5% against the dollar since Aug. 5, when a cocktail of hawkish Japan monetary policy moves, jitters around US earnings and a feeble jobs report catapulted the yen to a seven-month high. Bloomberg's Mary Nicola reports.
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