JPMorgan Says Carry Trade Unraveling Is Only Half Complete

JPMorgan Says Carry Trade Unraveling Is Only Half Complete

From bnnbloomberg.ca

The recent unwinding in carry trades has more room to run as the yen remains one of the most undervalued currencies, according to JPMorgan Chase & Co. “We are not done by any stretch,” Arindam Sandilya, co-head of global FX strategy, said on Bloomberg TV. “The carry trade unwind, at least within the speculative investing community, is somewhere between 50%-60% complete.” The trade has been pummeled this past week as yen volatility jumped amid fears of a looming US recession and after the Bank of Japan’s rate hike. Yen carry trades — borrowing at low rates in Japan to fund purchases of higher-yielding ... (full story)

Too obvious, if that was the case... Just look at the chart!

Momofrmnyc
| Joined May 2019 | Status: Rolling in the Pippppssss! | 1011 Comments | Online Now

Quoting hotaggie98

Disliked

Too obvious, if that was the case... Just look at the chart!

Ignored

Agreed definitely YEN aint ready to roll over just yet. Thank God for this liquidity during this portion of the dead Summer.

The solution is (x).

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