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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Secret_Agent_Man who wrote (13329)	10/22/2008 9:00:35 PM
From: RockyBalboa	Respond to of 71454

Yes, its amazing. The yen is the only currency which has not deflated sgainst the USD - for the same reasons. Carry trade unwinding did a little overshoot recently. The trade was correctly recommended by investmentbanks (notably, MS) but with a 15% move in a coupld o weeks it is ahead of itself. In that campaign the yen gained even more than the USD against other currencies. The once wild JPY AUD trade which hit 100, totally collapsed. It is often said that the japanese don´t like the USD < JPY 100 and promptly intervened when that occurred. It just doesn´t fit the picture of a "strong dollar".