KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
The yen carry trade , an investment strategy that involves borrowing in yen at low interest rates and investing in higher-yielding assets, is regaining popularity after a turbulent year. Despite the risks, low volatility in currency markets and wide interest rate differentials are drawing investors back into the trade. Key Drivers of the Revival Growing Short Positions on the Yen Bearish bets on the yen surged to US$13.5 billion in November, up from US$9.74 billion in October, according to Bloomberg analysis. Investors are leveraging Japan's ultra-low interest rates to fund investments in higher-yielding assets globally. Wide Interest Rate Differentials Bank of Japan (BOJ) : Benchmark rate remains at 0.25% , with potential for only modest hikes. US Federal Reserve : Despite a recent rate cut to 4.5%-4.75% , US yields still far outpace Japan's rates. Profitability of Yen-Funded Trades Yen carry trades targeting major and emerging-market currencies have returned 45% since 20...