DBS Bank: Unwinding carry trades boosts yen

Jinshi Data, July 25th, DBS Bank's macro strategist Wei Liang Chang said that due to the risk aversion triggered by the sell-off in technology stocks, the unwinding of Arbitrage trades has boosted the yen, and speculative short positions are still heavy. In contrast to the imminent rate cuts by the Fed and the European Central Bank, Japan may tighten monetary policy next week, deepening the unease about yen shorts. The risk of further strengthening of the yen before the Bank of Japan meeting next week cannot be ignored.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)