Yen rises over 0.5% as carry trades unwind, risk sentiment takes a hit

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Yen rises over 0.5% as carry trades unwind, risk sentiment takes a hit - Business Standard

Quick Summary:

The yen rose more than 0.5 per cent to an intraday high of 152.

The Japanese currency similarly held near its strongest level in 2-1/2-months against the euro, while sterling languished near an over one-month low and last bought 198.41 yen.

Traders have their eye on second-quarter U.S.growth figures later on Thursday, though the outcome is unlikely to significantly alter bets for Federal Reserve rate cuts this year, with a September move already fully priced in.