Yen up nearly 4% on the week: carry unwind accelerates, BOJ hike odds firm (macro/FX)

Financedesk view

Yen up nearly 4% on the week: carry unwind accelerates, BOJ hike odds firm (macro/FX)

Reuters said the yen gained nearly 4% over the past week, its largest week-on-week rise since July 2024, with the dollar index near 98.88. Upward Japan GDP revi…

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Cryptodesk view

Japan’s 10-year yield hits ~3% and the yen strengthens: carry-trade unwind risks weigh on Bitcoin (Markets)

CryptoBriefing on Sep 8 noted Japan’s 10-year government bond yield reached about 3% for the first time since 1996, with the 30-year near ~4.18%–4.205%. USD/JPY…

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