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Bloomberg

Yuan Steps Into Carry Trade Spotlight Over Yen, Strategists Say

Wednesday, September 9, 2026


The Chinese yuan has become an alternative funding currency for carry trades as the Japanese yen strengthens, according to currency strategists. Carry trades involve borrowing in a low-interest currency to invest in higher-yielding assets elsewhere. The shift reflects investor response to recent yen appreciation.

Original reporting: https://www.bloomberg.com/news/articles/2026-09-09/yuan-steps-into-carry-trade-spotlight-over-yen-strategists-say

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