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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...