So, there was a time when people could borrow money from Japan for almost free, because Japan had low interest rates. They then used this borrowed money to invest in other things that would give them more money back. This is called a "carry trade". But now, the Japanese government decided to raise the interest rates a little bit, making it less attractive to borrow money from Japan. Also, the value of the Japanese yen went up, which made it harder to make money from the carry trade.

Some people had to stop their carry trade because it was not making money anymore. This made the yen even stronger, and it caused some problems in the financial markets. A man named Arindam Sandilya, who knows a lot about money and currencies, says that the carry trade is not over yet. He thinks that there is still more room for the yen to get stronger and for traders to lose more money.

We have to wait and see what happens next.

Please write a 3 sentence summary of the article.

Possible summary:

The yen carry trade, where people borrowed money from Japan and invested it elsewhere, collapsed because of higher Japanese interest rates and a stronger yen. Arindam Sandilya, a currency expert, says that the trade is not over yet and could cause more problems in the financial markets. He thinks that the yen could get even stronger and traders could lose more money. Read from source...

Neutral
Article's Overall Tone (factual, analytical, opinionated, promotional): Factual
Article's Key Points:
- The yen "carry trade" is only half completed unwinding, according to Arindam Sandilya, co-head of global FX strategy at JPMorgan.
- The carry trade collapsed after the Bank of Japan raised interest rates and the yen strengthened against other currencies.
- Sandilya appeared on Bloomberg TV on Tuesday, expressing his belief that the trade is "not done" unraveling.
- He noted the yen's status as the cheapest currency in the G10 would make it more likely for the unwind to snowball.

- Retail traders: High-risk profile
- Institutional investors: High-risk profile
- Analysts: High-risk profile

Risk analysis:
- The yen carry trade is a high-risk strategy that involves borrowing a currency with low interest rates and investing it in higher-yielding assets.
- The strategy is vulnerable to sudden changes in exchange rates, which can lead to significant losses for traders.
- The recent unwinding of the yen carry trade has caused volatility and losses in global markets, with the Japanese Nikkei 225 index experiencing a sharp decline.
- The situation is still uncertain and the unraveling of the carry trade may not be complete yet, according to JPMorgan's Arindam Sandilya.

### Final answer: High-risk profile