Retail forex investors flock to Aussie over US dollar trades against yen

Interest rate spread, bigger market moves appeal more than sluggish greenback

Australia has been raising interest rates, and its volatility against the yen gives traders more potential profit opportunities. © Reuters

TOKYO -- Yen-U.S. dollar trading at major forex trading firms dropped nearly 40% on the year in April as retail investors looked to more appealing trades against the Japanese currency, such as the Australian dollar and euro.