(Bloomberg) -- The yen fell for the first day this
week after Japan's top currency official said there is no risk of
a sudden carry trade unwinding.
The Ministry of Finance's Hiroshi Watanabe said there's no
immediate concern investors will dump assets funded by yen loans,
known as carry trades, and cause sudden gains in the currency.
The yen was set for the first winning week in seven as a global
slump in stocks prompted investors to reduce riskier trades.
Read more at Bloomberg Currencies News
week after Japan's top currency official said there is no risk of
a sudden carry trade unwinding.
The Ministry of Finance's Hiroshi Watanabe said there's no
immediate concern investors will dump assets funded by yen loans,
known as carry trades, and cause sudden gains in the currency.
The yen was set for the first winning week in seven as a global
slump in stocks prompted investors to reduce riskier trades.
Read more at Bloomberg Currencies News
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