Yen
Bank of Japan board member Junko Koeda indicated a possible rate hike at the bank's next policy decision on December 19, amid the yen's weakening. In her first speech since joining in March, she highlighted the need for interest rate normalization due to low real rates. Yet, the yen fell further against the dollar following her comments.
Сообщено ИИ
Japanese retail investors are returning to buying the Turkish lira, a trade that has repeatedly burned them in the past. The currency has plunged more than 16% against the yen this year, becoming a hot bet among risk-hungry day traders. This trend is raising fears of a painful blowup that could spill over to other markets.