Speculation of carry trade reversal as yen strengthens to 155 range

CurrenciesMarket sees Japan pension fund's rare August meeting as likelihood of increased yen asset buyingThe sharp appreciation in the yen might indicate signs of a reversed carry trade. (Photo by Takashi Miyazaki)AKANE OKUTSU and YOSHIKAZU IMAHORISeptember 4, 2026 10:09 JSTUpdated on September 4, 2026 15:05 JSTTOKYO/NEW YORK -- The yen traded in the upper 155 range against the dollar on Friday, continuing to strengthen from the previous day's 157 yen, amid speculation that the Bank of Japan could increase the pace of interest rate hikes faster than previously anticipated.