Stephen Jen Sees Yen Strengthening, Putting Carry Trades at Risk

Japan’s currency is poised to strengthen against the US dollar, reversing months of underperformance and threatening to upend a popular trade that relies on a weak yen, according to Eurizon...

By Anya Andrianova · Bloomberg Markets

Japan’s currency is poised to strengthen against the US dollar, reversing months of underperformance and threatening to upend a popular trade that relies on a weak yen, according to Eurizon SLJ Capital’s Stephen Jen.