* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, July 13, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    How you can see new movies early – Yahoo

    Unlock the Secret to Watching New Movies Before Everyone Else!

    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    China’s energy dominance in three charts – MIT Technology Review

    How China Is Powering Its Energy Dominance: A Visual Breakdown

    Meta Acquires AI Startup PlayAI to Enhance Voice Technology Capa – GuruFocus

    Meta Acquires AI Startup PlayAI to Revolutionize Voice Technology Capabilities

    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

    SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    How you can see new movies early – Yahoo

    Unlock the Secret to Watching New Movies Before Everyone Else!

    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    China’s energy dominance in three charts – MIT Technology Review

    How China Is Powering Its Energy Dominance: A Visual Breakdown

    Meta Acquires AI Startup PlayAI to Enhance Voice Technology Capa – GuruFocus

    Meta Acquires AI Startup PlayAI to Revolutionize Voice Technology Capabilities

    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

    SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Yen rises as carry trades unwind, risk sentiment takes a hit

July 25, 2024
in Business
Yen rises as carry trades unwind, risk sentiment takes a hit
Share on FacebookShare on Twitter

By Rae Wee

SINGAPORE (Reuters) – The yen drew support from unwinding carry trades on Thursday ahead of next week’s Bank of Japan (BOJ) policy meeting and as a rotation out of megacap growth stocks dampened risk appetite broadly and provided some safe haven bids.

The Australian and New Zealand dollars continued to struggle on weak commodity prices, the euro flopped in the wake of a dour purchasing managers’ index (PMI) reading while the dollar held steady ahead of U.S. growth figures later in the day.

The yen rose more than 0.5% to an intraday high of 152.835 per dollar, its strongest in 2-1/2-months, as traders abandoned short yen bets in the run up to the BOJ’s July meeting, where a rate hike remains on the cards.

Sources told Reuters that the central bank is likely to debate whether to raise interest rates next week and unveil a plan to roughly halve bond purchases in coming years, signalling its resolve to steadily unwind its massive monetary stimulus.

“The threat of a taper of JGB purchases and the rate hike certainly seems to be driving that concern which we’ve seen there in dollar/yen and yen crosses,” said Tony Sycamore, a market analyst at IG.

“It’s also the fact that risk sentiment is deteriorating, and that’s helped (the yen) as well… I think it’s just a perfect storm at this point of time. You’ve got unwind in the tech trade, you’ve got unwind in the carry yen trade…you’ve got the , as well, unwinding.”

The Japanese currency similarly held near its strongest level in 2-1/2-months against the euro, while sterling languished near an over one-month low and last bought 198.41 yen.

Japanese Finance Minister Shunichi Suzuki and top currency diplomat Masato Kanda both refrained from commenting on the yen’s recent sharp rise.

In the broader market, the dollar was on the front foot, drawing some safe haven support from a bout of risk aversion after Wall Street ended sharply lower amid an ongoing rotation out of technology stocks.

The euro eased 0.02% to $1.0837, further pressured by Wednesday’s PMI survey which showed growth in euro zone business activity stalled this month, pointing to a gloomy outlook in the bloc.

Sterling fell 0.09% to $1.2895, while the was little changed at 104.37.

Traders have their eye on second-quarter U.S. growth figures later on Thursday, though the outcome is unlikely to significantly alter bets for Federal Reserve rate cuts this year, with a September move already fully priced in.

© Reuters. FILE PHOTO: Banknotes of Japanese yen are seen in this illustration picture taken September 22, 2022. REUTERS/Florence Lo/Illustration/File Photo

Down Under, the Australian dollar slid to its weakest level since early May at $0.65575, as it continues to be dragged by falling commodity prices. [MET/L]

The New Zealand dollar similarly fell 0.24% to $0.5915.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Investing.com – https://www.investing.com/news/economy-news/yen-rises-as-carry-trades-unwind-risk-sentiment-takes-a-hit-3535255

Tags: businesscarryrises
Previous Post

Japan’s corporate service inflation hits 9-year high

Next Post

Japanese officials quiet on forex as yen sharply rebounds

Nature talks gone awry can be memorable | ECOVIEWS – The Tuscaloosa News

Nature talks gone awry can be memorable | ECOVIEWS – The Tuscaloosa News

July 13, 2025
Scientists discovered maximum age an average human can likely live to – LADbible

Scientists Reveal the Maximum Age an Average Human Can Likely Reach

July 13, 2025
‘Science Fair’ of Lost Research Protests Trump Cuts – Scientific American

Scientists Rally at ‘Science Fair’ to Protest Trump’s Research Funding Cuts

July 13, 2025
Larry June Breaks Down the Business of Being Yourself, Becoming a Lifestyle Rap Icon and Thinking Like a Hustler – XXL Mag

Larry June Breaks Down the Business of Being Yourself, Becoming a Lifestyle Rap Icon and Thinking Like a Hustler – XXL Mag

July 13, 2025
Trump and Infantino’s ‘bromance’ at the Club World Cup – Le Monde.fr

Inside the Surprising Bromance Between Trump and Infantino at the Club World Cup

July 13, 2025
How America’s economy is dodging disaster – The Economist

How America’s economy is dodging disaster – The Economist

July 13, 2025
Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

July 13, 2025
A clinic blames its closing on Trump’s Medicaid cuts. Patients don’t buy it. – The Washington Post

Clinic Blames Medicaid Cuts for Closing, But Patients Aren’t Convinced

July 13, 2025
What Americans think of tariffs – The Economist

What Americans think of tariffs – The Economist

July 13, 2025
China’s energy dominance in three charts – MIT Technology Review

How China Is Powering Its Energy Dominance: A Visual Breakdown

July 13, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (719)
  • Economy (742)
  • Entertainment (21,629)
  • General (15,869)
  • Health (9,779)
  • Lifestyle (749)
  • News (22,149)
  • People (743)
  • Politics (752)
  • Science (15,960)
  • Sports (21,240)
  • Technology (15,726)
  • World (725)

Recent News

Nature talks gone awry can be memorable | ECOVIEWS – The Tuscaloosa News

Nature talks gone awry can be memorable | ECOVIEWS – The Tuscaloosa News

July 13, 2025
Scientists discovered maximum age an average human can likely live to – LADbible

Scientists Reveal the Maximum Age an Average Human Can Likely Reach

July 13, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version