- Carry Trade continues
- CAD interest rate 5%
- Jappy 0.10%
- Jappy Yen the only game in town really where Hedge Funds Companies, Banks can Park their money as JPY is also very Liquid.
Current Rates:
Bank of Canada Interest Rate: 5%
Bank of Japan Interest Rate: -0.10%
- Total Profit for 1 Day:
- $156.79
- +
- $0.12 Int
- =$156.91
- So, if you buy 1 lot of CAD/JPY and it moves 18 pips in your favor, and you hold the position overnight, you would make approximately $0.12 in interest.
- Better than Nothing