Yen Carry Trade
On 5th August, 2024, major global stock markets saw their steepest decline in decades, triggered by the unwinding of the yen carry trade, compounded by ongoing concerns over a potential US recession and geopolitical tensions in West Asia.
Why is Yen Trade Unwinding?
- Higher interest rates in Japan led to the yen gaining strength against the dollar and most other emerging economy currencies.
- Recently, yen’s exchange rate, that is, how many dollars or rupees does one get for one yen – strengthened against currencies like dollar, real, rupee, peso, etc.
What is Carry Trade?
- A carry trade is a hugely popular ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 ‘RELIEF’ Scheme: Supporting Exporters amid West Asia Logistics Disruptions
- 2 BHAVYA Scheme: Catalysing Next-Generation Industrial Infrastructure in India
- 3 Government Revises Mutual Credit Guarantee Scheme
- 4 Cabinet Approves Modified UDAN to Deepen Regional Connectivity
- 5 Cabinet Approves Small Hydro Power Development Scheme
- 6 National Seminar on Organic and Natural Farming 2026
- 7 Government Extends ALMM Framework to Solar Ingots and Wafers
- 8 Credit Guarantee Scheme for Microfinance Institutions-2.0
- 9 Second Advance Estimates of Agricultural Production 2025–26
- 10 Strategic Petroleum Reserves
