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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: CalculatedRisk who wrote (79159)2/21/2007 12:12:36 PM
From: Tommaso  Read Replies (2) of 110194
 
From your link:

A phenomenal sum of money is riding on the decision because of the so-called carry trade, which relies on Japanese rates remaining low. "It could come this week, with a big shakeout in the wake of the BoJ meeting," Mr Edwards said. "But frankly, at these extremes, a change in the wind direction could be enough. You don't have to be a bear to look at these tea leaves and say I'm going to row to the side of the river now."

Well, the Bank of Japan just doubled its rate today (from .25 to .50--not much yet). Didn't it?
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