Bye, bye YEN Carry Trades...?

Japan's Jobless Rate Unexpectedly Falls to 9-Year Low

The unemployment rate declined to 3.8 percent from 4 percent

Household spending rose 1.1 percent, the bureau said separately, more that the 0.2 percent median expectation

 

Japan Current Account Surplus Widens to Record

May 14 The surplus expanded 36.9 percent to 3.32 trillion yen ($28 billion)

 

hmm, you might be premature, the data has been out for an hour and the yen hasn't budged

 

is falling against yen.

 

It´s just a matter of two parameters :
time and patience...

 

Japan’s Corporate Service Sector rose by 1.1% versus 0.6% expected reaching a 9 year high

 

Time and patience is something you actually don't want to have being Yen long ;-)

 

yeah i think Nikkei + Yen is way to go
cuz just doing yen alone the interest would eat you alive.
unless US falters big time

 

Let me tell you that according to unofficial rumors the Russian Central Bank is Buying YEN. And the Russians are famous for their timing ;=)

 

Last time the Russians enetered the market has been at the beginning of February...the YEN gained 400 pips...