Yen flip-flops in volatile trading, keeping investors wary

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The story "Yen flip-flops in volatile trading, keeping investors wary" was covered 3 hours ago by Channel News Asia, a news publisher based in Singapore.

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Yen flip-flops in volatile trading, keeping investors wary - Channel News Asia

Quick Summary:

LONDON :The yen hit choppy trading on Thursday after a sharp drop the day before in a volatile week in which investors have had to digest the unwinding of popular carry trades and how Japanese monetary policy might evolve.

The yen swung between losses of 0.14 per cent and a gain of 0.

On Monday, they had at one point fully priced in a 50-bps cut and had even started pricing in the possibility of an emergency rate reduction before the September meeting, though those odds have eased since then, as markets have stabilised.