為何大拆倉日元會升值

Those traders borrowed yen from Japanese banks e.g. Mizuho, Bank of Tokyo-Mitsubishi..... to get yen for financing their high yield investments. Sell yen and buy foreign currencies, yen will depreciate. However, as now they sell stocks and buy back yen for repaying the yen loan, yen will appreciate

日元升值オ引發拆倉


日元的特性

日元是現在全球外匯市場中最低利息的！

故很多投資者都喜愛向日元借錢，投資於其他市場，當中包括黃金、股市或高息貨幣等

然而，當日元加息變相令投資者的成本增加，還錢於日元的息口會更多
從而，當市場傳出日元有機會加息時，便會令到人們恐慌性沽出手頭上的投資產品，而還錢給日元

這樣，便會令到所有投資市場也會出現沽貨潮！