Carrying on

The recent rapid appreciation of the yen is the scenario regulators dreaded, setting the scene for huge hedge fund losses and a mass unwinding of carry trades. The reality has been somewhat different. By Ryan Davidson

asiarisk-jun08-27-gif

Currency traders have endured a hair-raising few months. After weathering much of the volatility in the financial markets in the third and fourth quarters of last year, the foreign exchange markets have been making up for lost time. Having touched 12-year lows against the yen in March, the dollar hit its lowest-ever level against the euro on April 24 (0.62690 dollars/euro).

The yen's sharp appreciation, in particular, represents something of a nightmare scenario for some. Regulators have long

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here