213871 Resource 119247 120646 120646 1223296328181 1223296328181 Controlled Yen Gains on the FX Market as Carry Trade Unwinds

Is the carry trade "dead" in currency trading?

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">The yen is gaining in currency trading on the FX market as investors consider that the carry trade might be &quot;dead&quot; -- at least for now. For the month of September, the yen was the only currency to make headway overall against the U.S. dollar in forex trading. Additionally, the current climate of risk aversion is making the volatile carry trade less desirable.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">Things are changing as uncertainty in the </span><a id="b4tc" href="http://item/213870" target="_blank" title="yen currency trading, currency trading FX market, yen FX market, carry trade, risk aversion, credit crisis, yen carry trade" style="font-family: verdana,arial,helvetica,sans-serif;">European</a><span style="font-family: verdana,arial,helvetica,sans-serif;"> and American markets, especially surrounding financial institutions, is making things dicey. This is leading to a change in the forex traders do things for now. </span><a id="l.l:" href="http://www.bloomberg.com/apps/news?pid=20601083&sid=ahIB9qoc4aKU&refer=currency" target="_blank" title="yen currency trading, currency trading FX market, yen FX market, carry trade, risk aversion, credit crisis, yen carry trade" style="font-family: verdana,arial,helvetica,sans-serif;">Bloomberg reports on the financial markets and the place the yen has in currency trading</a><span style="font-family: verdana,arial,helvetica,sans-serif;">:</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /></font><div style="margin-left: 40px;"><font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">``We are in a multi-year trend reversal,'' said </span><a href="http://search.bloomberg.com/search?q=Paresh%0AUpadhyaya&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1" style="font-family: verdana,arial,helvetica,sans-serif;">Paresh Upadhyaya</a><span style="font-family: verdana,arial,helvetica,sans-serif;">, a senior vice president at Putnam Investment LLC in Boston who helps manage $50 billion in currency assets. ``We are going to see a global central bank easing cycle. The yen is the place to be in this environment of economic slowdown and heightened volatility.'' </span></font></div> 9 application/xml false carry trade credit crisis currency trading FX market risk aversion yen carry trade yen currency trading yen FX market Currency trading on the FX market http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.3) Gecko/2008092414 Firefox/3.0.3 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 119247 blog blogsite/GFTForex/web