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Edmond de Rothschild says buy JPY dips as carry trades unwind.
Edmond de Rothschild Asset Management believes that the recent appreciation of the Japanese Yen marks the beginning of a broader correction for the currency, which has been undervalued for an extended period.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
Previous: Multiple negative factors have triggered a "stock and bond sell-off" in the US financial market: soaring oil prices, US Treasury Secretary's buyback falling short of expectations, and Donald Trump's trillion-dollar "money-printing" promise have collectively led to a sharp rise across the board in US Treasury yields, with the 30-year yield hitting a 19-year high of 5.37%, while the stock market simultaneously declined.
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Next: South Korea's exports surged 83% year-on-year to $35 billion in the first 10 days of September, resulting in a $10.4 billion trade surplus.
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