Why buy the Yen??

Zulu89

Junior member
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Since interest rates are low all round, why are investor buying the yen? The Japanese economy isn't doing particularly well.

Help undersatnding the reason for this, would be appreciated. :)
 
"Buying" may not be the best term here. "Covering shorts" is probably more correct. Whenever risk aversion increases carry trades are unwound.
 
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