Japanese Yen Gains in Forex Trading

Currency trading with the yenThe Japanese yen is gaining in forex trading on the currency market today as two main factors come together to increase risk aversion:

1. The 0 billion bailout plan has stalled in Congress.
2. Washington Mutual collapses in the biggest bank failure in history.

As a result of these two factors, in currency trading the Japanese yen carry trade is unwinding. Investors are loathe to expose their assets to risk, this is giving a boost to the Japanese yen in FX trading.

See Also

• Yen Carry Trade
  Forex trading on the currency market

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