# JPY USD: Yen Carry Trade That Blew Up Markets Is Attracting Hedge Funds Again

> The yen has weakened more than 5% against the dollar since August 5, when it had jumped to a seven-month high. The reversal followed a mix of hawkish Bank of Japan signals, US earnings jitters and a weak jobs report. Hedge funds are reportedly returning to the yen carry trade.

- Date: 2024-09-01 · published 2024-09-01T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/29042-jpy-usd-yen-carry-trade-that-blew-up-markets-is-attracting-hedge-funds-again
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker yen raises the dollar cost of Japanese purchases and can shift carry-trade positioning that spills into risk assets. The direct effect on feed grain and meal prices is limited.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-08-16/yen-carry-trade-risks-making-comeback-as-hedge-funds-reload-bets

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.