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First call on the ledger
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Where they stand
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Sam Unsted of Bloomberg tells the anchor that carry, low volatility and rate differentials still favour a weaker yen absent a faster BOJ move.
the attractions for bringing the yen lower remain pretty good for most traders. The carry trade is still pretty strong. Volatility is low.
Sam Unsted of Bloomberg tells the anchor gold near $4,400 is trading out of step with its traditional drivers, moved by oil and the Fed with more day-to-day volatility.
But gold is still in some respects trading in a way that's if you go back a couple of years completely out of step with its traditional view.
Gold since this was said: ▲ +1.9% · 4,383 → 4,468 · as of 2026-09-08
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