Excerpt from: Forex Commentary
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| February 23, 2010 | | Currency trading with the Japanese yen | The yen is moving higher in forex trading on the currency market today, gaining against all major currencies. Indeed, even though the U.S. dollar is making solid gains in currency trading, it is still falling to the yen.
With risk aversion the name of the game today, it is no surprise that the yen is gaining the upper hand in forex trading. Many carry trades are unwinding as risk appetite fades.
The yen is up against the pound and the euro in forex trading. The yen broke a little lower against the U.S. dollar earlier, but now the yen is even gaining against the greenback in currency trading.
| Topic Tags: carry trades, currency trading, euro forex trading, forex trading, Japanese yen, risk appetite, U.S. dollar | |
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