Reported 3 months ago
The Bank of Japan's recent interest rate hike to its highest level in 15 years has propelled the yen to its strongest position against the dollar since March, prompting investors to reevaluate their carry trade strategies. This significant move has relieved Japanese financial authorities and made yen funding less attractive for investments in higher-yielding currencies, especially in light of tightening monetary policies globally. As market conditions change and volatility rises, hedge funds are likely to reassess their positions, leading to potential shifts in currency investments.
Source: YAHOO