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To: Les H who wrote (87420)8/28/2007 3:40:12 PM
From: patron_anejo_por_favorRead Replies (2) | Respond to of 306849
 
If the Yen breaks below 112, the carry trade is toast. Bounced off that level the last time, we'll see if it can get there this time around...



To: Les H who wrote (87420)8/28/2007 6:57:20 PM
From: RockyBalboaRespond to of 306849
 
Yes... the carry trade was amazing:

I often wondered how long they hold out but the end was near

"Just read it and weep..." at much higher levels. Those poor folk is soon to liquidate.

Message 23631774

Message 23631847



To: Les H who wrote (87420)8/28/2007 11:31:41 PM
From: Les HRead Replies (1) | Respond to of 306849
 
``We maintain our call that the BOJ will hike rates in the fourth quarter,'' said Kenichi Kawasaki, chief economist at Lehman Brothers Japan Ltd. in Tokyo. ``But the situation remains fluid and depends on the state of the global financial market.''

bloomberg.com