# JPY MXN: Global Carry Trade Unwind Extends as Peso Sinks, Yen Surges - Bloomberg

> Global carry trades continued to unwind, pushing the Mexican peso down 2.9% against the dollar, the worst performer among tracked currencies. The yen rose more than 3% and the yuan gained 0.8% as funding currencies were bought back.

- Date: 2024-08-05 · published 2024-08-05T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/7433-jpy-mxn-global-carry-trade-unwind-extends-as-peso-sinks-yen-surges-bloomberg
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A sharp move in the peso and yen reflects a broad risk-off shift that can pressure emerging-market demand and dollar-priced commodities. Its direct effect on feed prices is limited, but it signals tighter financial conditions.

## Read by commodity

- USDJPY: bearish ▼
- USDMXN: bullish ▲

## Sources

- archive.is: https://archive.is/TpiQO

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