In this article 8301.T-JP Follow your favorite stocks CREATE FREE ACCOUNTwatch nowCorrections in the yen and the unwinding of the carry trade are positive developments for Japan, said Jesper Koll, a veteran investor who remains bullish on the Japanese market.
The yen carry trade began unwinding last week, as interest rate hikes by the Bank of Japan strengthened the yen, and led to a sharp sell-off in markets globally.
Stock Chart Icon Stock chart icon U.S. dollar/Japanese yen"It is correct to put a price on money.
According to Koll, it's possible that as much as 75% of the yen carry trade could have been unwound, though the total size of the carry trade has not been reliably ascertained.
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Persons:
Jesper Koll, …, CNBC's, unwinding, it's, Koll, Claude Trichet
Organizations:
Monex, Bank of Japan, Nikkei, European Central Bank Jean, CNBC, U.S ., Bank of
Locations:
Japan, U.S