The unwinding of the Yen carry trade has been a significant event in the financial markets, leading to unexpected movements in asset prices.With the Yen carry trade now appearing unstable, it’s time for investors to consider alternative strategies. Here’s what to watch next.
WilfredBloomin’ Brands (NASDAQ: BLMN) reports strong Q4 2023 earnings: $0.75 adjusted EPS, $1.194B revenue. Optimistic outlook for 2024: flat to 2% increase in U.S. restaurant sales, adjusted EPS $2.51-$2.66.
EdmundReported by Reuters on July 20, this move aligns with the increasing global trend among central banks to delve into the development of digital versions of their currencies for retail use.
Coinlive The Mitsubishi UFJ Financial Group, Datachain, and Solamitsu are working on making the Progmat Coin, a Yen-backed stablecoin, interoperable.
BeincryptoSeveral banks will stress test a digital yen for more than two years.
OthersView important news in the currency circle in the past 24 hours.
Coinlive Coinbase is being sued by another crypto company that alleges that the firm infringed on its patented crypto transfer technology.
OthersWhile many community members came in support of the prominent coder, Gabagool owned up to the allegations made against him following Velodrome’s investigation.
CointelegraphThe executive director of the Bank of Japan announced that the long-awaited digital yen will not be used to achieve negative interest rates.
CointelegraphThe raise comes as total value locked on the Avalanche blockchain remains steady at around $14.6 billion.
Cointelegraph