Edmond de Rothschild Says Buy Yen Dips as Carry Trade Unwinds

Edmond de Rothschild Asset Management said the yen's recent rally reflects a correction in its long-term valuation. The bank recommended buying yen during price declines as carry trade positions unwind. Carry trades involve borrowing in low-interest-rate currencies like the yen to invest in higher-yielding assets elsewhere.

Next story