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Japan's yen intervention has unintentionally boosted the carry trade
Japan's historic intervention to prop up the yen has had an unintended consequence, giving investors a better entry point to restart yen carry trades. The carry trade involves borrowing in a low-interest currency like the yen and investing in higher-yielding assets abroad. Analysts say the intervention effectively "turbo-charged" the opportunity rather than discouraging speculative flows.
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