The Bank of Japan's recent rate hike doesn't seem to have dented the world's appetite for carry trades.  If anything, the BoJ's signal that it won't changes rates too quickly seems to have added to t…

With the Fed now aggressively cutting US interest rates to keep the bursting of a real estate bubble from devastating the US financial system and economy, is the dollar about to turn into the yen- th…

Stephen Jen of Morgan Stanley insists not-so-big.  Or at least that the large size of the carry trade cannot be proved – and that the impact of any recent unwinding has been overstated.   That is his…

Andrew Rozanov of State Street knows a thing or two about how official institutions manage their money (that is a big part of his current job) and a thing or two about Japan (he was based in Tokyo fo…

That at least is what the market seems to think.  The carry trade has bounced back. The Australian dollar -- a high carry currency -- is setting new highs (v. the US dollar at least).  The kiwi has r…