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Emerging-market carry trades shrug off US-Japan yen intervention, and that tells us something important
Emerging-market carry trades fell just 1% after the first US-Japan yen intervention since 1998, signaling a major shift in funding strategies.
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global.chinadaily.com.cn
Japan, US intervened in currency market for 1st time in 15 years
TOKYO -- Japan and the United States have conducted a coordinated yen-buying intervention in the currency market, Finance Minister Satsuki Katayama said Monday, the first such…
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straitstimes.com
Yen traders brace themselves for more intervention with US at Japan’s side
Japan is set to announce as early as Aug 3 that the two governments are working in tandem. Read more at straitstimes.com. Read more at straitstimes.com.
