The end of the 'carry trade'? How Japan's yen could be ripping through U.S. stocks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 39 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 72%

Japanese Yen News

Japan,U.S. Economy,Central Banking

The key driver of global markets is the yen exchange rate, according to one financial historian.

Russell Napier, co-founder of the investment research portal ERIC, said in a recent installment of his "Solid Ground" macro strategy report that investors have been provided with a glimpse of the impact a change in Japanese monetary policy can have on U.S. financial markets.

Russell Napier, co-founder of the investment research portal ERIC, said in a recent installment of his "Solid Ground" macro strategy report that investors have been provided with a glimpse of the impact that a change in "The now evident vulnerability of US equity prices to a rise in the Yen exchange rate warns of the consequences for US asset prices and developed-world asset prices in general from monetary policy changes in the east," Napier said in the Tuesday report.

Cedric Chehab, global head of country risk at research firm BMI, said Friday that a combination of factors have been at play over the past roughly 10 day-period. However, he insisted "corrections like this are absolutely normal" at this time of year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan’s Ministry of Economy, Trade & Industry Publishes Report on the Current State of Music IndustryJapan’s Ministry of Economy, Trade and Industry (METI) has published a report on its music industry.
Source: billboard - 🏆 112. / 63 Read more »