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 · Bloomberg Markets
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.