Would you really go into "broken currencies" with high interest rates, for example? The carry trade in FX, i.e., borrow in low yielding currency invest in high

Would you really go into "broken currencies" with high interest rates, for example? The carry trade in FX, i.e., borrow in low yielding currency invest in high yielding currency is a classic trade, but it is not risk free. FX can move against you. Basically, uncovered interest rate parity says that the interest rate differential creates an offsetting effect in the FX rate. Empirically, that is a bit shaky/doesn't always manifest, there are debates on time horizon, etc., though. In short, FX not easy to predict.