Yen weakens, carry trade unravels as stocks recover

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Stock futures (^DJI, ^IXIC, ^GSPC) continue to rebound after breaking free from three days declines yesterday, as markets attempt to recover from a global sell-off. Meanwhile, the Japanese yen (JPY=X) is weakening against the dollar as the yen carry trade unwinds. The Bank of Japan (BOJ) has stated it won't cut rates until market volatility subsides.

Yahoo Finance markets and data editor Jared Blikre breaks down the details.

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This post was written by Angel Smith