USD/JPY finds support from carry trade, geopolitical risks, global inflation risk
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- January 16, 2024
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Analysts at MUFG have accepted that the the yen is not about to skyrocket higher just yet. MUFG say USD/JPY will find support from ". The carry trade has never really gone away. Yesterday yields on 2 year JGBs dipped back under zero %. Yep, carry is not dead yet. On the Bank of Japan, MUFG says the risk of tightening to being long USD/JPY " . " More: USD/JPY update: Mitsubishi UFJ Financial Group is the world's second largest bank holding company and second largest public company in Japan.
