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Japanese housewives is a term used in the foreign exchange world for the many Japanese matriarchs who 外匯 to currency trading in the first decade of the new millennium. With Japanese interest rates near 0 percent for most of the decade, their motivation for currency trading was to increase the returns on their portfolios.

Japanese housewives have had a discernible impact on currency markets. In 2007, Bank of Japan officials said that the housewives’ trading activity helped to stabilize currency markets because of their tendency to buy on dips and sell into rallies. The term “Japanese housewives” has also been used to describe day traders. During the height of their popularity, Japanese housewives typically dealt with carry trades. As far back as the Edo period, Japanese housewives were charged with running the household, which included making major financial decisions. They acted as the custodians of their families’ immense savings accounts, and after World War II, these accounts started growing. In the early 2000s, the so-called Japanese housewives began searching for larger returns than they were receiving from local banks.

They quickly changed from a savings culture to an investment culture, and in most cases, they opted to invest in foreign markets, dabbling in investments such as collateralized debt obligations. Japan passed a law in April 2017 making Bitcoin a legal form of currency. That means that the cryptocurrency can be used as a legitimate form of legal tender for payments or for holding assets. The offers that appear in this table are from partnerships from which Investopedia receives compensation. The pair indicates how many Japanese yen buys one U.

Watanabe describes the archetypical Japanese housewife and female investor and is a slang term for small, retail Japanese investors. A funding currency is exchanged in a currency carry trade. Currency depreciation is a decrease in the value of a currency in a floating exchange rate system. Investopedia is part of the Dotdash publishing family. Sterling rallied on Friday, helped by a weaker euro and after European Union leaders gave UK Prime Minister Theresa May a two-week reprieve to decide how Britain will leave the European Union. Sterling fell on Wednesday after British Prime Minister Theresa May’s request to delay Brexit until June 30 faced resistance from parts of the European Union.