WS #12543
Japanese yen slid to 162.77 per dollar, weakest in 40 years, as Fed-BoJ rate gap fuels carry trades; carry trade having best run in decades. LSE planning 24/7 trading to compete directly with cryptocurrency markets, according to Financial Times. Fed's Waller says the Fed will not keep rates down to help finance government deficits, pushing back on fiscal-monetary policy concerns.
Yen Weakness and Carry Trade
Japanese yen slid to 162.77 per dollar, weakest in 40 years, as Fed-BoJ rate gap fuels carry trades; carry trade having best run in decades.
LSE planning 24/7 trading to compete directly with cryptocurrency markets, according to Financial Times.
Fed's Waller says the Fed will not keep rates down to help finance government deficits, pushing back on fiscal-monetary policy concerns.