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February 11, 2008

Japanese Yen Gains in Forex Trading

Unwinding carry trade boosts the yen in currency trading
Japanese yen forex trading, forex trading, yen currency trading, currency trading, US recession, FX market, carry trade, risk aversion
The Japanese yen is gaining in forex trading this morning. The carry trade is unwinding as risk aversion remains a concern in currency trading on the FX market. With worries of a US recession continuing, the Japanese yen is expected to continue to gain in forex trading. Bloomberg reports on the yen in currency trading:

``We still haven't gone past the period of risk aversion and the carry trade is coming under pressure,'' said Niels From, foreign-exchange strategist in Frankfurt at Dresdner Kleinwort, the investment bank owned by Allianz SE, Europe's biggest insurer. ``The yen could strengthen somewhat.''
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PermalinkJapanese Yen Forex Trading
.Currency trading on the FX market
.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  carry trade, currency trading, forex trading, FX market, Japanese yen forex trading, risk aversion, US recession, yen currency trading
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