While foreign capital is leaving Japan on greater uncertainty, funds are also being repatriated due to the unwinding carry trade, with the unwinding carry trade outweighing the capital outflows.
The Japanese yen resumed gains during Japan’s stock market trading session on Thursday amid signs that policymakers could delay intervention in the foreign exchange market, report Akiko Ikeda and Lynn Thomasso for Bloomberg. The yen appreciated to 76.36 U.S. dollars during trade in Tokyo.
- CurrencyShares Japanese Yen Trust (NYSEArca: FXY)
- WisdomTree Dreyfus Japanese Yen (NYSEArca: JYF)
- iPath Yen/Dollar Exchange Rate ETN (NYSEArca: JYN)
- ProShares Ultra Yen (NYSEArca: YCL)
For more information on the Japanese yen, visit our Japanese yen category.
Read the disclaimer, as Tom Lydon is a board member of Rydex Funds.
Max Chen contributed to this article.