Of course, havent done carry trading for a while but will give it another look
Yes, it is still applicable to perform carry trade with yen. In a carry trade, you borrow money from a low-interest country and then invest it in a higher-interest country. So, you made a profit from the difference in interest rate.
Currently, the Japan interest rate is low compared to other countries. The 2020 annual Japan interest rate is 1.475%. If you borrow money from Japan and invest it, say in Indonesia, with a deposit interest rate of 5% per year, you made a profit of 3.525%.
But to me, it is a meager return. You can invest your money in other businesses and get a larger profit.
The latest figures indicate a 13% loss in value of the Japanese Yen against the US Dollar in the past three months, setting the stage for carry trading.
Yes . Carry trading is available in yen, but, the reward is little.
This is one of the oldest trading strategy. Still applicable but with a lower profit.