The main currency in the Carry Trade is Yen, because at that time the interest rate of Yen was very low. And many operations of Carry Trade were marked by AUD and NZD.

当时进行套利交易的货币主要是日元，因为当时日元的利率很低，有很多套利交易的标的是澳大利亚元和新西兰元。

youdao

Due to its extremely low interest rate, Japenes Yen became the main currency for Carry Trade, and the object currency was the Australian dollar and the New Zealand dollar.

当时进行套利交易的货币主要是日元，因为当时日元的利率很低，有很多套利交易的标的是澳大利亚元和新西兰元。

youdao

At that time, the main currency for arbitrage transaction was yen, because the interest rate was low for yen then, and many objects of arbitrage transaction were AUD and NZD.

当时进行套利交易的货币主要是日元，因为当时日元的利率很低，有很多套利交易的标的是澳大利亚元和新西兰元。

youdao

They are also the main currency of political patronage.

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