I picked Japanese yet, because I believe Yen due its utility in the carry trade. A “carry trade” consists of borrowing a currency with a low interest rate, exchanging this money into another currency, and investing exchanged money in higher yielding and higher risk investments. These investments can include but are not limited to emerging markets, US-based stocks, and Japanese stocks. In turn, investors are essentially getting paid money when they choose to invest in a depreciating currency. In…
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