Yen Holds 0.63-Yen Cushion as BOJ’s September Move Tests Global Carry Trades
The Bank of Japan’s September meeting is shaping up as a key test for global carry trades, with the yen just 0.63 yen below the 160 mark. The currency rose a modest 0.08% on Friday but still recorded a weekly decline of around 1%, even after an unusual joint intervention in July.
