Reported 2 months ago
JPMorgan Chase & Co. indicates that the unwinding of the carry trade is only 50%-60% complete, particularly as the yen remains undervalued. According to Arindam Sandilya, co-head of global FX strategy, the recent volatility in the yen has put pressure on this investment strategy, and a full recovery to previous levels is not anticipated in the near term.
Source: YAHOO