Excerpt from: Forex News
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| August 14, 2009 | | Forex trading with the yen | The Japanese yen is rallying in currency trading on the FX market, even as the Shanghai index falls. In forex trading, the Japanese yen often moves inversely to some of the Asian stock indices. Right now the yen is gaining a bit on risk aversion as investors look for safer investments.
In addition to rallying against the U.S. dollar (which is in trouble due to the fact that equities are falling), the Japanese yen is also gaining against the Australian dollar. The yen carry trade is unwinding as China's struggles cause problems for the Aussie in forex trading.
| Topic Tags: Australian dollar, currency trading, forex trading, forex trading yen, FX market, Japanese yen currency trading, Shanghai, yen carry trade | |
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