ResearchGlobal2026-10-27
Re-pricing the Yen Leg: At USD/JPY 157.87 the Carry Cost on Transshipment Floating Storage Shifts
USD/JPY 157.87 and USD/KRW 1326.24 weaken vs the dollar while USD/CNY 6.6675 firms; the yen funding leg gets dearer, and USD/JPY above 158 triggers a transshipment funding-currency switch.
