Part 1: Why Are the US and Japan Trying to Prop Up the Yen?
by Evie SoemardiThe Japanese yen is the third most actively traded currency in the world, but its importance extends well beyond foreign exchange markets. For decades, exceptionally low Japanese interest rates have allowed investors to borrow cheaply in yen and deploy that money into higher-yielding assets overseas, creating what is known as the yen carry trade. The […]...




