The Day The Yen Carry Trade Died

(Click on image to enlarge.) While everyone is staring in disbelief at the USDJPY, the real carry action is in the high yielding-YEN pairs, i.e., the development, high growing countries. And it’s a massacre: ZARJPY, NZDJPY, AUDJPY – all are plunging far more than the USD. This is nothing short of a complete carry trade [...] continue reading world news