One of the most popular currency yen "carry trade," investors are borrowing money in are low, and are high such as Brazil- profiting from the difference. Investors can also execute a carry trade by borrowing the lower-yielding yen to contracts can be used to minimize the risk of yen carry trade? yen, where rates are low, and exchanging it for currencies in countries where rates in higher- yielding currencies, such as local-currency govenment debt in places like Brazil What kind of futures . short on Yen long on Yen long on Brazilian Real . futures contracts should not be used to hedge risk