Carter Johnson

One of the most enduring foreign-exchange bets is off to its best run in decades as surprisingly muted volatility across asset classes has investors piling into carry trades.

With the yen plunging to a four-decade low, a growing number of banks are advising traders to prepare for a hawkish Bank of Japan.

Japanese government bonds offer investors one of the best opportunities in global fixed income despite being viewed as high risk, according to an Azimut Group fund manager.

Carry has been the strongest strategy for currency traders this year, handily outpacing widely followed alternatives such as the momentum or value approaches.

The yen surged by 2% against the US dollar, marking its biggest jump since Japanese officials intervened in the market earlier this year.

It had been just six weeks since Federal Reserve Chairman Kevin Warsh vowed to reestablish the central bank’s reputation as an inflation fighter. But as he took to the podium to explain why the Fed again sat on the fence Wednesday — and held interest rates steady even as consumer prices keep rising far faster than its target, month after month — Wall Street analysts found the message far from reassuring.

(Bloomberg) -- It had been just six weeks since Federal Reserve Chairman Kevin Warsh vowed to reestablish the central bank's reputation as an inflation fighter.

News July 30, 2026 at 01:59 PM Share & Print It had been just six weeks since Federal Reserve Chairman Kevin Warsh vowed to

The yen soared by the most in more than two years against the dollar after authorities stepped in once again to try and prop up the nation’s sagging currency ahead of the Bank of Japan’s policy decision.

The yen advanced on Friday as speculation grew that Japanese authorities could again step into the market to support the currency.