Speculation of carry trade reversal as yen strengthens to 155 range

Market sees Japan pension fund's rare August meeting as likelihood of increased yen asset buying The sharp appreciation in the yen might indicate signs of a reversed carry trade. (Photo by Takashi Miyazaki) TOKYO/NEW YORK — The yen traded around 156.3 on Friday afternoon, staying higher than the previous day's 157 yen, amid speculation that the Bank of Japan could increase the pace of interest rate hikes faster than previously anticipated.

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