Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

Dollar-euro? It's the yen

Reply
scandal
Super Contributor
watch out for more red... That's because a sharp rise in the yen could have nasty consequences for millions of investors around the world. Yen carry trade sagga. The dollar slid to a one-month low of ¥120.96 yen on Wednesday, raising concerns that a strengthening of the Japanese currency could put billions of dollars worth of low-cost yen loans in peril. The yen rallied a sharp 2 percent over two sessions early this week - its most notable strength since it rallied about 4.5 percent over two weeks starting in late February, and we all remember what happened then, the shanghai sell off.
0 Kudos