Yen dips, markets stabilise ahead of US inflation data
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The yen fell against the dollar on Monday in calmer currency market trading after volatile moves last week; investors are pricing 100 basis points of Fed cuts by year-end; the dollar was trading at 147.55 yen, up 0.7%; markets, in particular Japan's, were rocked last week by an unwinding of the hugely popular yen carry trade; Scotiabank has bought a minority stake in U.S. regional lender KeyCorp in an all-stock deal worth $2.8 billion; the S&P 500 ended higher on Friday and was little changed for the week after clawing back from Monday's steep dive; Australia’s high court has rejected a green group’s request to appeal a judgment dismissing review proceedings on the climate change effects of coal emissions for Whitehaven Coal's Narrabri Stage 3 project

#Yen #Dollar #FedRateCuts #CarryTrade #Scotiabank #Keycorp #S&p500 #WhitehavenCoal

https://www.kitco.com/news/off-the-wire/2024-08-12/yen-dips-markets-stabilise-ahead-us-inflation-data