#FX The historic joint US- #Japan action last month has done little to shift the forces weighing on the currency, with the #yen sliding back toward 160 per dollar less than 2-weeks later, chart @markets www.bloomberg.com/news/article...
1 comments — live from bluesky
acemaxx analytics · 1 · 1d ago #FX
The key is the wide gap b/w interest rates in #Japan and elsewhere. Investors can borrow the low-yielding #yen and use the money to buy higher-yielding assets — a strategy known as the carry trade, chart @markets