Investors in a Vicious Cycle of Selling Off Assets That Will Drive Up the Yen: Strategist

The yen’s sharp rise in recent weeks has unexpectedly shaken up the yen carry trade. Investors have been borrowing the yen for its lower interest and reinvesting in higher-yielding assets. Now banks are calling back on their loans and investors are selling off to return their loans. NTD spoke to Lance Roberts, chief strategist at RIA Advisors, who says we’re in a vicious cycle of selling off assets that will drive the yen up more. Roberts is telling investors not to panic because it is too late to do anything now and lays out what could be ahead.