Tag Archives: Unwinding Carry Trades
JPY Strengthened by Unwinding Carry Trades
Posted on20. Nov, 2008 by admin.
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The Japanese currency recovered lost terrain in the last two days and rallied against the USD and EUR as continuing uncertainty over the U.S. government’s response to the financial crisis continues favoring the Yen by lowering the value of JPY-funded carry trades.
The low Japanese interest rate helped hold the value of the JPY lower than [...]
