Yen carry trade is back in vogue. Look who is benefiting
“Market participants are tapping risk-less opportunities,” said Asuhtosh Khajuria, executive director at Federal Bank. Synopsis Record rate reductions have caused the tri-party repo rates to fall below the reverse repo – and banks are making money without much sweat. Remember the much-talked-about yen carry trades all those years ago? That’s when funds borrowed big in … Read more