Sunday, November 11, 2007
**** YEN CARRY TRADE UNWINDING ? ****
An accelerating slide in the U.S. Dollar against the Japanese Yen last week, could set the stage for another market sell off.
In the autumn of 1998 (at the time of the LTCM collapse), the Yen rose by more than 10 percent against the U.S. Dollar in two days; resulting in sizeable carry trade losses.
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