The combination of the South African Rand (ZAR) and the Japanese Yen (JPY) is attractive to traders due to its swap benefits and the ability to “carry trade”.

Carry trading is a strategy of buying a high interest bearing currencies against another where the interest rate is very low, this way the trader earns interest through swap payments each roll-over.

Due to the South African Central bank’s official cash rate of 5.75% versus that of the Bank of Japan’s cash rate of 0.25%, traders using the carry trade strategy can look to this pair as a possible addition to their portfolio.

To view this exciting new pair within your MT4 Platform simply Right Click on Market Watch and select ‘Show All’.

If you wish to learn more about swap payment / charges, please click here.

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