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Analysis:Bank of Japan's opaque policy shift means stronger, wilder yen

LONDON/SINGAPORE : The Japanese yen is on a bumpy path towards strengthening after Friday's central bank policy change, threatening to upend the carry trade, one of this year's most popular strategies, as the currency inevitably becomes more expensive. The BOJ kept its short-term interest rate target b
Simon Edelsten Aninda Mitra Societe Generale James Malcolm Kit Juckes

Analysis-Bank of Japan's opaque policy shift means stronger, wilder yen

The Japanese yen is on a bumpy path towards strengthening after Friday's central bank policy change, threatening to upend the carry trade, one of this year's most popular strategies, as the currency inevitably becomes more expensive. The BOJ kept its short-term interest rate target below zero, but shook markets by adjusting a policy that had effectively capped the 10-year government bond yield at 0.5%. The wild swings in the yen, which saw its most volatile trading day for months, re...
City Of United Kingdom Naomi Rovnick Amanda Cooper Catherine Evans Ankur Banerjee
Source: yahoo.com

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