JPY Strengthens on Possible Unwinding of JPY Carry Trades
Wall Street Journal
JPY strengthened against other G-10 and Asian currencies in early trade on possible unwinding of carry trades, which is a strategy involving the borrowing of a low-yielding currency like JPY to buy a high-yielding currency such as USD.
https://www.wsj.com/articles/jpy-strengthens-on-possible-unwinding-of-jpy-carry-trades-2188cf7b