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The Yen Challenges the ‘Carry Trade’ that Has Benefited Latin American Currencies
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The recent volatility of the Japanese yen reconfigures the board of global currencies, reversing some of the conditions that had made the ‘carry trade’ a pillar of profitability for emerging markets, in particular Latin America. Japan’s currency went from depreciating amid political uncertainty to abruptly rebounding in recent days after rumors of joint intervention with the United States. See more: Latin America with a weak dollar: what to expe…
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