The yen has risen to its highest level in seven months, prompting shifts in carry trades and broader market volatility.
The Japanese yen has rallied to a seven-month high, marking its strongest level in that timeframe.
According to the report, the surge is shifting cross‑border capital flows, unwinding legacy FX carry trades and creating volatility across global currency and equity markets, a development noted as relevant to European investors.
Sophie covers currency markets and central bank policy across Europe, with a focus on how rate decisions ripple through FX pairs. She has been tracking the ECB's policy path since the start of the current easing cycle.
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