Yen nears 152/$; break could accelerate rally, yen carry unwind risk
Japanese yen is pushing toward 152 per U.S. dollar. LPL Financial’s Adam Turnquist says a decisive break below 152 could accelerate the rally, prompt additional short covering, and reignite yen carry trade unwind risk.
S. dollar. LPL Financial's Adam Turnquist said in a note that a decisive break below that level could accelerate the currency's ongoing rally, force additional short covering and reignite yen carry trade unwind risk. He said such a move would have a ripple effect.