Yen Preferred Currency
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Yen Preferred Currency
The yen remains the preferred funding currency to carry trade, says Michael Woolfolk, senior currency strategist at the Bank of New York Mellon. He tells Chris Caton, chief economist at BT Financial Group, Kathy Lien, director of currency research at GFT Forex, CNBC's Sri Jegarajah and CNBC's Amanda Drury that that's the best measure of market risk and risk tolerance.
CNBC | November 2, 2009
