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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: ggersh who wrote (215666)8/14/2009 10:44:46 AM
From: RockyBalboaRead Replies (1) | Respond to of 306849
 
While some claim, that the yen is no longer a "crisis" currency but a currency reacting on YC flattening it is still pretty well correlated to the direction of the stock market.

But seen from a longer perspective, its a big churn...

Ultimately and as earlier suggested, Treasuries are saved. They added another point today.



To: ggersh who wrote (215666)8/14/2009 10:46:33 AM
From: RockyBalboaRead Replies (1) | Respond to of 306849
 
An automatic buy in Yen a week ago :)

the reality is that the carry trade is no longer attractive. That would fall in line with the idea that the yen has a long way to gain with a weakening dollar.

Vs the Yen the EUR is at a support level, once the school is out and things reverse, it should backfill.

if not... look out below.