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The Japanese Yen and the resumption of the carry trade
April 13, 2011It seems that last month’s G7 intervention was the turning point for the Japanese Yen. The Group Of Seven Industrialized nations stepped in the currency markets on March 18th in order to halt the Japanese yen rise. The coordinated intervention occurred after the yen soared following a massive earthquake, tsunami and nuclear disaster, which str [...]
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Swiss Franc Carry Trade Strategy
March 26, 2011The September issue of Currency Trader Magazine was released today. Some of the highlights include: A look at an advanced carry trade strategy involving the Swiss Franc. The CFTC gains jurisdiction over retail forex fraud. What will drive the forex market in Q4. Yen crosses on the move. U.S. dollar rockets higher, Euro tumbles. China [...]
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Yen Carry Trade is Back!
March 12, 2010I can’t remember how long it’s been since I was hyping the Yen carry trade (though a browsing of the ForexBlog archives indicates 2 years). Upon the outset of the credit crisis, forex markets went haywire, and one of the main “beneficiaries” was the Yen, which soared as carry trades were unwound. Now, however, a similar [...]
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Risk Aversion Sends Carry Trade Unwinding
February 25, 2010Currency trading on the FX market The carry trade is unwinding quite quickly today, with risk aversion sending investors hurrying toward safe havens. A great deal of concerning news is weighing on the carry trade. For the most part, investors remain fixed on the drama playing out in Greece. Moody’s is warning that another credit [...]
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Dollar Carry Trade: Not Dead Yet
January 20, 2010After the impressive rally in the US Dollar at the end of 2009, many market observers predicted that the end was near for the Dollar carry trade. That’s because volatility is the sworn enemy of carry traders; whenever there transpires a sudden change in direction in a funding currency, investors will usually race for the [...]
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Forex Reserves in Transition: Is the Euro Making a Run?
January 17, 2010With so much to think about these days, I havn’t spent much time poring over foreign exchange reserve statistics. Apparently, this is to my detriment, as there have been a number of important developments on this front, some of which carry far-reaching forex implications. I’m guessing a lot of you are probably in the same [...]