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Strategies & Market Trends : The coming US dollar crisis

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To: yard_man who wrote (4115)2/9/2008 9:05:03 PM
From: Real Man  Read Replies (1) of 71456
 
It's hard to prop currencies. Look at the daily amounts
of Japanese props. Those are Yen, so divide by 100. The carry
trade stress could end at Y=105 if BOJ comes back with its
regular props, then the low Fed funds rates will take over,
and the dollar will fall. I wonder if they are propping
already.
dailyfx.com

On the other hand, we may be at the stage when the markets
can no longer be controlled, cause the very control mechanism
(derivatives) is breaking down.
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