| Japanese Housewives
In the foreign exchange world, a collective term for the legions of Japanese housewives who resorted to currency trading in the first decade of the new millennium. With Japanese interest rates near zero percent for most of the decade, their motivation for currency trading was to increase the low returns on their portfolios.
These homemaker-traders are also called "Mrs. Watanabes."
Investopedia Explains:
Japanese housewives have had a discernible impact on currency markets. Bank of Japan officials said in 2007 that the housewives'...
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