TOKYO -- The big yen carry trade partially responsible for the selloff in Japanese stocks earlier this month will likely reemerge once volatility subsides, strategists say.
In response to Bank of Japan Gov. Kazuo Ueda's hawkish tone at the July monetary policy meeting, speculators unwound their yen carry trades, pushing the yen stronger. The term refers to borrowing Japan's cheap currency to invest in countries offering higher yields.
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