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Resurgent carry trade to keep yen weak
Even as the yen trades at more than five-year lows, analysts expect a resurgence of the carry trade will keep Japan's currency on a downtrend well into 2014. "We're going to see a resurgence of the carry trade," Todd Elmer, currency strategist at Citigroup, told CNBC. "It's not going to explode like a volcano, but we do think it's going to come back," he said. A carry trade is when investors borrow in a low yielding currency, such as the yen, to fund investments in higher yielding assets somewhere else. A weakening currency is central to the carry trade since it means that investors have less to repay when they cash ... (full story)
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- Dec 30, 2013 2:12am Dec 30, 2013 2:12am
- krunfx
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- Pip Anon
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When the facts change I change my mind, what do you do sir
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Invest in alarm clocks
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When the facts change I change my mind, what do you do sir
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- Pip Anon
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When the facts change I change my mind, what do you do sir
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- krunfx
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- Pip Anon
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When the facts change I change my mind, what do you do sir