BNB$755.63+0.11%BRENT$98.58+1.46%BTC$78,495-0.33%COPPER$6.73+2.02%DJI$53,414-0.51%DOGE$0.0901-0.38%DXY98.98-0.20%ETH$2,479-0.45%GOLD$4,396-0.20%NDX$29,544+0.21%SILVER$65.99-0.23%SOL$103.27-0.36%SPX$7,719-0.38%US10Y4.78+0.00%VIX15.74+2.88%BNB$755.63+0.11%BRENT$98.58+1.46%BTC$78,495-0.33%COPPER$6.73+2.02%DJI$53,414-0.51%DOGE$0.0901-0.38%DXY98.98-0.20%ETH$2,479-0.45%GOLD$4,396-0.20%NDX$29,544+0.21%SILVER$65.99-0.23%SOL$103.27-0.36%SPX$7,719-0.38%US10Y4.78+0.00%VIX15.74+2.88%
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Yen Hits One-Month High as Traders Unwind Carry Trades

JPY ↑ Strong

Key takeaways

  • JPY: JPY — Strong bullish
  • The yen surged to a one-month high against the dollar as traders unwind yen-funded carry trades, anticipating further rate hikes from the Bank of Japan.
#Forex#Yen#Bank of Japan#Interest Rates

Analysis

The yen surged to a one-month high against the dollar as traders unwind yen-funded carry trades, anticipating further rate hikes from the Bank of Japan.

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