Yen Continues to Weaken, traders eye milestone ¥100 level

by Joe Oliver, Forex Trading-Pips

The Japanese Yen continued to weaken early Thursday with prices closing in on “par” against the US$.

One of the key beneficiaries of Yen weakness is the Australian Dollar as traders exploit the interest rate differential through carry trades.

For more information about how you can use carry trades to profit in the Forex markets, check out the following video: