Market News
Yen Gives Back Some Gains; Bank of Japan Weighs Next Steps - WSJ
The yen was weaker in Tuesday trading in Tokyo, taking a breather after a rapid surge over the past four weeks. The move suggests the unwinding of the investment strategy known as the carry trade might have run its course for now. In the trade, investors borrow yen at low interest rates and convert the funds to dollars to make higher-yielding investments.
