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Japanese Yen Gains in Forex Trading

September 5th, 2008 · No Comments

Carry trade continues to unwind on the FX marketThe Japanese yen is gaining in forex trading this morning. Most of the yen's gains are coming from the fact that the carry trade continues to unwind on the FX market.

Worries over recession in the U.S. and Europe -- and the rest of the world -- have investors risk averse and rushing to exit this volatile forex trading strategy. Indeed, the euro is at its lowest level in more than a year in forex trading against the yen.

Additionally, the U.S. dollar is faltering in currency trading against the yen.

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