BNB$676.86-1.31%BRENT$96.01+0.51%BTC$77,711-1.93%COPPER$6.61+0.48%DJI$53,686+1.18%DOGE$0.0841-1.44%DXY98.97+0.06%ETH$2,396-1.99%GOLD$4,479+0.11%NDX$29,482+1.16%SILVER$66.87-0.14%SOL$91.24-2.07%SPX$7,748+1.06%US10Y4.76-0.71%VIX14.32-5.79%BNB$676.86-1.31%BRENT$96.01+0.51%BTC$77,711-1.93%COPPER$6.61+0.48%DJI$53,686+1.18%DOGE$0.0841-1.44%DXY98.97+0.06%ETH$2,396-1.99%GOLD$4,479+0.11%NDX$29,482+1.16%SILVER$66.87-0.14%SOL$91.24-2.07%SPX$7,748+1.06%US10Y4.76-0.71%VIX14.32-5.79%
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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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