Yen jumps to seven-month high as carry trades unwind
The yen surged to a seven-month high versus the U.S. dollar, trading as much as 1% firmer at 152.89. Carry trades began to buckle as markets raised expectations for a Bank of Japan rate-hike path.
S. dollar as carry trades began to unwind, with markets increasing expectations for a path of rate hikes from the Bank of Japan. 89, its strongest since…