Category: Yens
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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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Bank of Japan issues stronger warning over yen’s impact on policy By Reuters
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Written by Laika Kihara and Satoshi Sugiyama TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Wednesday that the central bank may take action on monetary policy if a weaker yen weighs on prices significantly, offering the strongest hint yet that continued declines for the currency could lead…