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
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 before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Annual Survey of Services Sector Enterprises
- 2 Paste Fill Technology for Coal Mining
- 3 Multi Modal Logistics Park
- 4 Vizhinjam Seaport: India's First Deep-Water Container Transshipment Port
- 5 SEBI's Proposed Ease of Doing Business Measures for REITs and INVITs
- 6 Common Contract Note
- 7 Standing Deposit Facility
- 8 Green Municipal Bonds
- 9 M-CADWM Scheme Approved
- 10 Guidelines for Setting up Bio-Input Resource Centres
- 1 Krishi-Decision Support System
- 2 AI-based National Pest Surveillance System
- 3 Implementation Challenges of the PM KUSUM Scheme
- 4 MoU to Enhance Cooperative Management in Fisheries
- 5 Open Market Sale Scheme (Domestic)
- 6 Expansion of Agricultural Infrastructure Fund Scheme
- 7 Scheme for Trading and Settlement of Sovereign Green Bonds in IFSC
- 8 Unified Lending Interface
- 9 Foreign Exchange Management (Fourth Amendment) Rules, 2024
- 10 Framework for Recognition of Self-Regulatory Organisations
- 11 Development of New Industrial Cities under NICDP Infrastructure
