U.S. vice presidential debate
Strong Yen Sales
October 2, 2024
Japan’s ultra-loose monetary policy when other central banks scrambled to tame a sharp rise inflationary pressure in 2021-3 had encouraged investors to borrow essentially free money offered in Japan and invest in higher yielding assets elsewhere. Those so-called carry trades are now being reversed and consequently driving down the yen, which slumped 0.9% against the […] More
