The Japanese yen is gaining sharply ahead of an expected increase in interest rates by the Bank of Japan next week, seriously calling into question one of the most popular strategies in global financial markets. For years, investors have borrowed cheap yen and invested that money in higher-yielding currencies and assets, but such trades have become increasingly risky as...
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The Japanese yen is gaining sharply ahead of an expected increase in interest rates by the Bank of Japan next week, seriously calling into question one of the most popular strategies in global financial markets. For years, investors have borrowed cheap yen and invested that money in higher-yielding currencies and assets, but such trades have become increasingly risky as...