For thirty years the yen funded the world. That era is closing. For three decades, Japan exported something more valuable than cars: cheap money. With interest rates pinned near zero, the yen became the world's favourite thing to borrow. Investors from Sydney to Connecticut took out yen loans that cost almost nothing and parked the proceeds in assets that paid more, pocketing the difference. Economists call this the carry trade. Everyone else called it free money. That era is closing....

Read on.

The tools to help put your plans into action. Trade stocks, options, futures, futures options, and ETFs, with reliable execution on platforms built for advanced traders. We give you the tools to execute in numerous markets, the data and analytics to test and optimize your strategies, and the community to share your knowledge and learn new skills.