Hedge Funds Swap Yen For Dollar In New Carry Trade Strategy: Report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 20 2024
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Source: Benzinga
Hedge Funds Shift Strategies: Hedge funds are moving from the Japanese yen to the U.S. dollar for carry trades, influenced by the Bank of Japan's interest rate hike and expectations of Federal Reserve rate cuts, which have altered market dynamics.
Market Volatility Concerns: While hedge funds are currently using the dollar to invest in emerging-market currencies, CitiGroup warns that upcoming U.S. presidential elections may introduce volatility, potentially impacting the performance of global carry trades.
Analyst Views on UPAR
Wall Street analysts forecast UPAR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UPAR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 16.330
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Current: 16.330
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
