ANALYSIS-Yen safety status at risk from pandemic-era global rates collapse
Sep 29, 2020 - Reuters UK
* Carry trade dynamics in FX markets shifting
* Yen role as carry trade currency hurt by rate collapse
* Trend shift seen as good for Japan, headache for ECB
LONDON/TOKYO, Sept 29 (Reuters) - The coronavirus epidemic - and the collapse in global interest rates it has sparked - may have blown a hole in conventional market wisdom that Japan’s yen strengthens during crises, triggering a warning bell for investors.
The yen has long been among the assets in greatest dema...
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