JPY strengthened against other G-10 and Asian currencies in early trade on possible unwinding of carry trades, which is a strategy involving the borrowing of a low-yielding currency like JPY to buy a high-yielding currency such as USD.
JPY strengthened against other G-10 and Asian currencies in early trade on possible unwinding of carry trades, which is a strategy involving the borrowing of a low-yielding currency like JPY to buy a high-yielding currency such as USD.