đ„ Kevin Warsh just gave the yen carry trade a little breathing room.
The Fed hiked to 3.75%â4% and signaled more tightening could come. USD/JPY pushed back above 156 as the dollar strengthened.
That wider U.S.âJapan rate gap makes an immediate carry-trade unwind less likely â for now.
Good news for risk assets in the short term⊠but the BOJ can still change the whole setup. đ$JPY.ETF
#jpy #FedRateWatch
The Fed hiked to 3.75%â4% and signaled more tightening could come. USD/JPY pushed back above 156 as the dollar strengthened.
That wider U.S.âJapan rate gap makes an immediate carry-trade unwind less likely â for now.
Good news for risk assets in the short term⊠but the BOJ can still change the whole setup. đ$JPY.ETF
#jpy #FedRateWatch
