In late 2008 the yen rose by 60% in just two months against the high-yielding Australian dollar, a popular target for carry traders.

在2008年晚些时候，仅仅两个月内日元相对高收益的澳元就上涨了60%，澳元是套利交易者较受欢迎的目标货币。

youdao

And up went the yen, pushed lower these past few weeks by "carry traders" borrowing cheaply in Japan and lending for more elsewhere.

之前几周被“套息交易”(在日本廉价借入日元，然后贷给其他地区，以期获利)压低的日元也有上涨。

youdao

And unlike in the past, carry traders now have options, as central Banks worldwide have hammered down rates in a concerted effort to galvanize the economy.

与以往不同，这类交易者现在有了多种选择，因为世界各国的央行为刺激经济都在下调利率。

youdao

The carry traders, of course, immediately sell the borrowed yen to acquire high-yielding assets of the other currencies.

FORBES: Magazine Article

Carry traders undid their positions, buying yen and repaying their loans.

FORBES: Magazine Article

The only hope for stemming such destabilizing inflows is to reduce the returns those carry traders could expect, which is what Seoul's rate cut might accomplish.

WSJ: Review & Outlook: Abenomics Hits the Neighbors