Sudden sharp rise in yen triggers ``widespread liquidation of positions'' across the market

MSN - 26/07
The rapid appreciation of the yen has shaken up global markets, and the Chinese yuan has also appreciated. A wide range of assets including Japanese stocks, gold and Bitcoin were sold off as investors reassessed leveraged positions.

(Bloomberg) -- The rapid appreciation of the yen has shaken up global markets, and the Chinese yuan has also appreciated. A wide range of assets including Japanese stocks, gold and Bitcoin were sold off as investors reassessed leveraged positions.

The yen rose against the dollar to its highest level in more than two months on the 25th, reflecting a rapidly growing view that the interest rate differential between Japan and the Unite...
[Short citation of 8% of the original article]

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