Yen Carry Trade Back in Spotlight as Ishiba U-Turn Jolts Markets [Yahoo! Finance]
Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG)
US:NYSE Investor Relations:
mizuho-fg.com/investors/index.html
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Source: Yahoo! Finance
(Bloomberg) -- A yen-centered carry trade that helped fuel a market meltdown in August is back on investors' radars. Most Read from Bloomberg Traders are re-loading speculative positions anticipating a weaker yen, emboldened by comments from Japanese Prime Minister Shigeru Ishiba that the economy isn't ready yet for further interest rate hikes. RBC Capital Markets and Mizuho Securities Co. are among those who see risks of Japan's currency falling back to 150 to 155 per dollar levels, boosting the appeal of selling the yen to buy higher-yielding assets across lucrative — but risky — carry trades favored by hedge funds. “It's back on,” Nick Twidale at ATFX Global Markets, who has traded Japan's currency for a quarter of a century, said of the carry trade. “The new PM is essentially giving us the green light to sell the yen for now.” The yen posted its biggest drop in more than two years on Wednesday on a closing basis after Ishiba's warning blindsided investors who saw him as a
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MFG
Sec Filings
- 10/4/24 - Form F-N
- 10/4/24 - Form F-3ASR
- 8/14/24 - Form 6-K
- MFG's page on the SEC website