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Yen.... as the carry trade (leverage) unwinds... What a rally!

Started by Masshog, October 24, 2008, 04:43:30 am

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Masshog

October 24, 2008, 04:43:30 am
13 Year highs.  All that money that was borrowed at near 0 rates and then deployed overseas....  (so you borrow in Yen, and swap it for the currency of the country you want to invest in, this pushes Yen lower in relationship to that currency).... is now flooding back as they unwind the trades and buy Yen to close the loans.   

Wow. 
My feets hurt.
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