Wednesday, March 16, 2011

Newest Boombox Loudest

end of the Carry Trade?

Prior to the opening of Japan's stock market, the yen breaks all-time high against the dollar since the Second World War. The market expects that the Japanese will sell foreign assets to repatriate capital needed for reconstruction.

(USDJPY) ... Flash crashes
Changes of higher-yielding currencies (ZARJPY, NZDJPY, AUDJPY) go to peak ... Now the central bank should intervene (BOJ) to stem a violent revaluation of the currency.

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