Carry trade unwind could replicate August mayhem, suggests currency strategist, as yen strengthens
Publishing timestamp: 2024-09-09 05:39:40
Summary
Downward trends in U.S. yields and dollar are expected to continue to drive Japanese yen higher, leading to unwinding of carry trades and potential large sell-offs in September. Concerns about aggressive sell-offs in stocks and the impact on the global markets are rising.
Sentiment: NEGATIVE
Tickers: .N225,
Keywords: nikkei 225 index, markets, breaking news: markets, business news, asia economy,