Investors doing this so-called carry trade effectively sell yen, keeping its value low.

从事这一所谓融资套利交易的投资者在借入日圆后将其卖出，这起到了将日圆汇率保持在低位的作用。

While the Yen has appreciated significantly this year with the unwinding of the carry trade, equity returns have remained disappointing due to the weak growth outlook.

尽管由于套利交易解体，今年日元大幅度升值，股市回报却仍旧让人失望，这主要是由于经济增长前景暗淡。

But why does the carry trade work?

但套息交易怎么会行得通?

Nobody really knows how big the carry trade is.

套息交易的规模到底有多大无人知晓.

What is more, a powerful resurgence in the carry trade seems unlikely.

换一种说法, 利差交易发生了大规模的抛售,但却几乎没有发生所预期的市场动荡.

So this should give support touncovered-interest parity and deter the carry trade.

这应支持敞开式利率平价理论，挫败套息交易。

So this should give support touncovered - interest parity and deter the carry trade.

这应支持敞开式利率平价理论,挫败套息交易.

In new zealand ' s case , the carry trade has given the kiwi dollar an extra upward push

对新西兰来说，套息交易额外地推高了新西兰币。

The yen carry trade has amplified global liquidity, further inflating asset - price bubbles across the world.

日元套息交易放大了全球资本流动, 使世界各地的资产价格泡沫进一步膨胀.