Monday, December 15, 2008
The Japanese yen saw a massive surge across
The Japanese yen saw a massive surge across the board through Friday’s Asian session; but this momentous move would ultimately be unwound before volatility receded for the weekend. Now traders are left to wonder whether this was the sign of a bigger fundamental shift behind the carry strategy’s perennial funding currency or a errant technical move that has altered the fundamental future of the key FX safe haven.
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