Yen Holds Most of Its Gains After Thursday's 2% Rise
The yen strengthened significantly, gaining over 2% on Thursday and maintaining most of those gains on Friday, reaching a one-month high against the dollar. The rally was driven by traders unwinding yen-funded carry trades and increasing expectations for further interest rate hikes from the Bank of Japan.
1 Article
Trace's outlet lean is shown first — tap Left / Center / Right on each source to add your rating too.
- BloombergTrace: Center
Yen Holds Most of Its Gains After Thursday's 2% Rise
The yen strengthened significantly, gaining over 2% on Thursday and maintaining most of those gains on Friday, reaching a one-month high against the dollar. The rally was driven by traders unwinding yen-funded carry trades and increasing expectations for further interest rate hikes from the Bank of Japan.
Rate outletRead original
Readers say
How does this story lean?
Outlet ratings above are Trace's curated source map. Vote here (same as on the home feed) — one vote per browser, changeable anytime. Rate individual outlets in the coverage list below.
Comments
0No comments yet. Say what you noticed in the coverage.
Trending