Carry Trade Exodus Fuels Yen Surge Ahead of BOJ Rate Decision

A rush to unwind yen-funded carry trades helped send the currency to a one-month high against the dollar as traders ramped up bets on further Bank of Japan rate hikes.

4 Sept, 00:52 — 4 Sept, 00:52

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bloombergHigh6h ago

Carry Trade Exodus Fuels Yen Surge Ahead of BOJ Rate Decision

A rush to unwind yen-funded carry trades helped send the currency to a one-month high against the dollar as traders ramped up bets on further Bank of Japan rate hikes.

By David Finnerty and Ruth Carson

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Carry Trade Exodus Fuels Yen Surge Ahead of BOJ Rate Decision

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Carry Trade Exodus Fuels Yen Surge Ahead of BOJ Rate Decision

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