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Excerpt from:  GFT Analysts in the News
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August 22, 2007

Yen Falls in Currency Trading

Carry trade resumes as calm enters the FX market
The Japanese yen is down in forex trading today as news that Fed Chairman Ben Bernanke is willing to lower U.S. rates if needed. Calm is returning to the FX market, and the carry trade is picking up again as a result. Reuters reports on the yen in currency trading:

The yen lost ground and high-yielding currencies strengthened on Wednesday as calmer financial markets encouraged investors to adopt a slightly more aggressive profile and re-enter carry trades.
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Topic Tags:  carry trade, carry trade FX market, currency trading, Fed chairman Ben Bernanke, forex trading, FX market, Japanese yen forex trading, lower U.S. rates, yen currency trading
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