Yen Strength, Carry-Trade Unwinding in Focus: Tokyo FX Morning Market Overview

The story

During the Tokyo morning session, USD/JPY moved toward yen strength, reaching around 156.37, while the unwinding of yen carry trades came into focus as markets watched movements in government bond yields in major economies.

EUR/JPY moved toward yen strength at around 177.32, GBP/JPY at around 206.88 and AUD/JPY at around 108.86.

Australian CPI for August rose less than expected, contributing to selling of the Australian dollar and increasing pressure for yen strength.

At a glance

DateThe report focused mainly on morning market developments in Tokyo

PriceUSD/JPY moved toward yen strength at around 156.37

PriceEUR/JPY was around 177.32

PriceGBP/JPY was around 206.88

PriceAUD/JPY was around 108.86

BackgroundAustralian CPI rose less than expected

Reference information. Every claim resolves to something the story actually named.

Where this came from

We read each source in full and checked they agree on the core claim.

1/ 1 agree

All of them report the same thing.

fx.minkabu.jpNews

AgreesOpen

Read the original articleGo to the source page

Reference information generated from public sources. It does not solicit or advise on investments. Prices are 15-minute delayed.