Key Takeaways 💲 The yen dropped against the dollar after U.S. jobless claims fell more than expected 📉 Yen’s slide followed unwinding of popular carry trades and speculation about Japanese monetary policy 📈 Initial jobless claims eased fears of imminent recession in U.S. labor market 💼 Market strategist discounts talks of an imminent recession 🏦 … Read more
Key Takeaways: 💹 Yen experienced volatile trading after a sharp drop, impacting investor confidence 📈 Some BOJ members suggest the need for interest rate hikes up to 1%, adding to market uncertainty 🔄 Carry trade unwinding continues, leading to potential further yen strengthening 🛡️ Demand for options to protect against yen price swings at highest … Read more
Key Takeaways: 💰 The majority of fast money yen shorts have likely been cleared, reducing future volatility 📉 The unwinding of the yen carry trade has been a significant factor in market volatility 🌍 Global carry trade involves borrowing money at low interest rates and investing elsewhere for higher returns 🇯🇵 Bank of Japan’s near-zero … Read more
Yen and Yuan Volatility in the Market 💹 Yen experiences volatile trading due to carry trade unwinding 📈 Yen fluctuates after BOJ Deputy Governor’s remarks on interest rates 📉 Yen strengthens after surprise BOJ rate hike last week 🌐 Different opinions within BOJ on raising interest rates creating uncertainty 💱 Markets are concerned about the … Read more
Key Takeaways: 💼 Three-quarters of global carry trade has been removed according to JPMorgan 📉 Risk-reward for global carry is low due to upcoming US elections and potential repricing of funders on lower US rates 🔄 Rates momentum is expected to turn more significantly against G10 carry, leading to a rotation to value strategies 💱 … Read more
Key Takeaways 💴 Yen experienced volatility in a wild week, leaving sentiment fragile 📉 The yen rose 0.4% after dropping 1.6% on Wednesday 📊 Some members of the BOJ called for interest rate increases to at least around 1% 💵 Carry trades involving yen have been unwinding 📈 Swiss franc slightly stronger at 0.859 per … Read more
Key Takeaways: 💹 Australian dollar strengthened after RBA Governor’s hawkish comments on interest rate hikes 📈 Japanese yen saw gains amid BOJ speculation despite officials downplaying rate hikes 🌏 Broader Asian currencies showed some strength as the dollar retreated amid recession concerns 📉 Dollar index and futures both fell 0.2% in Asian trade 🔥 AUDUSD … Read more
Key Takeaways 💂 Protesters in northern states of Nigeria waved Russian flags during demonstrations 🇵🇱 Seven Polish nationals were arrested for raising Russian flags at protests 👮 Nigeria Chief of Defence Staff considered brandishing a foreign flag during protests as a treasonable offense 💔 Amnesty International reported 22 people killed during protests in the region … Read more
Key Takeaways: 🔻 The yen dropped after a Bank of Japan official downplayed rate hike chances 💹 Japanese stocks rose after BOJ official’s remarks 📉 Carry trades are being unwound due to market uncertainty 📈 U.S. dollar index rose after global market turmoil 💼 Traders increased bets on Federal Reserve rate cuts 🦘 Australian dollar … Read more
Key Takeaways: 💰 BOJ official stated near-term rate hike unlikely, calming market concerns 📈 Yen fell 2.5% against the dollar, dollar rose 1.79% against yen 📉 BOJ’s recent hike and carry trades linked to market volatility 💼 Analysts question if BOJ’s hawkish turn could be a policy error 💱 Yen decline affected other carry trade … Read more