Singapore Dollar Gains Favor as Carry Funder vs Yen
The Singapore dollar is gaining favor as a funding currency for carry trades due to its cheap borrowing costs and fading expectations for appreciation relative to the Japanese yen.
Original · Bloomberg AI summary of public reporting
Why: SGD preferred over JPY as carry funder → yen selling pressure
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At publication → CurrentJPY158.08 → 157.90−0.1%