Cousin Vinny
New Member
- Joined
- Sep 24, 2005
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I recently found out about the 'Yen Carry Trade' phenomenon that is currently a *major* force in the worldwide financial markets. Thanks to the differing interest rate and currency spreads between countries, this yen carry trade can prove to be extremely lucrative. (Or ruinous!)
I was wondering if there was someone in the forums who know a little bit more about currency trading, esp. the yen carry trade, and can give out a little primer or two about their experiences, risks/benefits, etc. Thanks to the extremely high interest in the yen carry trade, I feel like shorting the Yen, banking that it will get stronger, as more positions on the yen side get flushed out.
I was wondering if there was someone in the forums who know a little bit more about currency trading, esp. the yen carry trade, and can give out a little primer or two about their experiences, risks/benefits, etc. Thanks to the extremely high interest in the yen carry trade, I feel like shorting the Yen, banking that it will get stronger, as more positions on the yen side get flushed out.