Yen Carry Trade Unwind Delayed Despite BOJ Rate Hike

The post Yen Carry Trade Unwind Delayed Despite BOJ Rate Hike appeared first on Coinpedia Fintech News

USD/JPY nearly hit 158 even after the Bank of Japan raised rates by 25 basis points and hinted at further hikes ahead. Normally, a BOJ rate hike strengthens the yen, but this time the Fed also hiked rates, with another increase expected this month, keeping the US-Japan rate gap from narrowing and leaving yen borrowing …