Japanese Yen Gains in Currency Trading

Forex trading with the yenRight now the Japanese yen is gaining in currency trading on the FX market. With a little bit of uncertainty remaining, even after plans by many governments to shore up their banks and money supply, forex trading is favoring the yen.

Perhaps the biggest sufferer from all the shifts in monetary policy is the Australian dollar. Once a favorite partner in the yen carry trade, it is plunging now that the carry trade has been unwinding.

Interestingly, one of the pairs offering stability includes the yen: the Swiss franc/Japanese yen pair. Both are low yielders, and not considered particularly risky, so it does make some degree of sense if you are looking for something that is relatively stable — and expected to remain so.

See Also

• Forex Trading with the Japanese Yen
  Currency trading on the FX market

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