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BOJ Rate Hike Warnings Fuel Yen Surge as Carry Trade Unwinds

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Hawkish Bank of Japan comments hinting at a potential 50 basis point hike or consecutive rate increases triggered a sharp yen rally.
  • USD/JPY plunged toward 155, raising concerns that an unwinding yen carry trade could disrupt liquidity propping up US equities.
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Stored market data

USDJPY price history

157.88 +1.28% over the displayed period

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