Category: carry
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Ukrainian energy workers carry out repairs despite Russia’s pounding of the country’s power grid
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Breadcrumb links PMN BMN Business Article writer: Associated Press Ilya Novikov Posted on November 29, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content On a bright winter’s day, workers at a Ukrainian thermal…
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Japan’s new ‘top currency diplomat’ Atsushi Mimura said “always watching” yen carry trade
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Atsushi Mimura is Japan’s Vice Minister of Finance for International Affairs, also known as the “top currency diplomat.” The Japanese Ministry of Finance is the authority in Japan to order intervention in the yen. Mimura took over the relevant department from Kanda, so he would be the one to direct…
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Japan top FX diplomat says watching for any build-up of yen carry trades, NHK reports By Reuters
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TOKYO (Reuters) – Japan’s top currency diplomat Atsushi Mimura said in an interview broadcast on Friday that authorities are “always monitoring markets” while renewed yen trading could increase market volatility, public broadcaster NHK reported. Mimura said that yen trades built up in the past are likely to be mostly liquidated,…
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Japan top FX diplomat says watching for any build-up of yen carry trades, NHK reports By Reuters
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TOKYO (Reuters) – Japan’s top currency diplomat Atsushi Mimura said in an interview broadcast on Friday that authorities are “always monitoring markets” while renewed yen trading could increase market volatility, public broadcaster NHK reported. Mimura said that yen trades built up in the past are likely to be mostly liquidated,…
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JP Morgan says to say goodbye to the carry trade – unlikely to return to predominance
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A note from JPMorgan suggests that the recent spike in volatility has dealt a major blow to carry trades in the foreign exchange market, which have been the dominant strategy in the foreign exchange market over the past 12 to 18 months. JPMorgan points to the unwinding of carry trades,…
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Unwinding of carry trade roadblock for BoJ hikes but not Fed cuts
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Investing.com – The recent sharp rise in the yen, as a result of the unraveling of the “yen carry trade,” may be a barrier to further increases by the Bank of Japan, but not a barrier to Federal Reserve cuts, Goldman Sachs analysts said. At 07:00 ET (11:00 GMT), the…
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Explainer-What is the Chinese yuan carry trade and how is it different from the yen’s? By Reuters
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Written by Winnie Zhou and Summer Chen SHANGHAI/HONG KONG (Reuters) – A sell-off in global markets triggered by the unwinding of yen-funded carry trades has put the spotlight on China’s yuan, also widely used as a cheap funding currency. Although August saw the yuan rise sharply by 2% against the…
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Carry trade unwind has more room to run By Investing.com
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Goldman Sachs strategists believe the recent pullback in the carry trade involving the Japanese yen (JPY) still has a long way to go, despite the big moves we have already seen. The sharp selloff that began late last week has drawn significant attention to how deep the yen carry trade…
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Carry trades cleared out, USD/JPY longs dip a toe in the water
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Markets are struggling with some of the drama of the past two weeks today. Japan is on holiday today, and the US economic calendar is empty, so this is a good time for markets to catch their breath. But what is striking is that the yen has become weaker overall…
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What is the yen carry trade and why does it matter? By Investing.com
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The so-called “yen carry trade” has been making headlines recently, with many pointing fingers at this investment strategy as the cause of recent turmoil in global markets. Yen trading involves borrowing at near-zero interest rates in Japan and investing the proceeds in higher-yielding markets such as the US dollar, emerging…
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Leveraged funds’ yen net short position shrinks on carry trade unwind By Reuters
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Written by Saqib Iqbal Ahmed NEW YORK (Reuters) – Leveraged funds’ net short positions in the Japanese yen shrank to their smallest net short position since February 2023 in the latest week, data from the U.S. Commodity Futures Trading Commission and the London Stock Exchange showed on Friday. Data through…
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Fed easing bets, carry trade unwind turn analysts bullish on Asian currencies: Reuters poll By Reuters
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Written by Sameer Manikkar (Reuters) – Analysts have become bullish on most major Asian currencies for the first time in more than a year, supported by rising bets on interest rate cuts by the U.S. Federal Reserve and the unwinding of yen-funded carry trades, a Reuters poll showed. A biweekly…
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Three-quarters of global carry trade has been unwound: JPMorgan By Investing.com
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About three-quarters of global carry trades have been removed, JPMorgan strategists said in a note on Wednesday. In its latest report, JPMorgan noted that the risk-reward ratio in global bonds is low due to the upcoming US elections and potential financiers’ re-pricing of low US interest rates. It also noted…
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Squeeze on carry trades leaves currencies, investors on edge By Reuters
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Written by Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar suffered sharp losses on Tuesday as the yen retreated after a sharp rise in the previous session as traders faced the prospect of a sharp rate cut by the Federal Reserve. The yen fell 0.89 percent on Tuesday to 145.48…
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How should investors reallocate their portfolios this summer to maximize carry? By Investing.com
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UBS analysts expect the summer to be a good time to make strategic adjustments to the financial portfolio to maximize returns, with a focus on short-term European investment grade (IG) debt and strategic diversification. In a note dated Tuesday, analysts at UBS said they see a return to stability in…
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How companies carry out fleet maintenance in the summer. The dangers of engine overheating
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Summer is a time of increased stress on vehicles, as hot weather can cause the engine to overheat, which can have serious consequences. Repairing the effects of overheating can be expensive, including replacing the engine or making major repairs. To avoid overheating problems, maintain vehicle operating efficiency, and reduce repair…
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TA of the Day: Carry Trade Unwind Crushes AUD/JPY! What’s Next?
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the Japanese Yen The pound is currently at its highest level in two and a half months, thanks to traders liquidating their bets against it ahead of the Bank of Japan meeting next week. With the recent sharp decline in global stock markets, market participants have moved away from riskier…
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Goldman sees Indian Rupee as defensive in EM FX carry strategy By Investing.com
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Goldman Sachs has highlighted the Indian Rupee (INR) as one of the standout currencies in the Emerging Markets Forex (EM FX) pool, due to its high carry to volatility ratio. The firm noted that the attractiveness of the Indian rupee is further enhanced when combined with short trades in Euro…