Housewives Outmaneuver UBS, Deutsche Bank in Yen Carry Trading

Discussion in 'Forex' started by ASusilovic, Jun 17, 2007.

  1. Japan is really asking for it from the international community. The Kiwi's finally had to launch a currency attack and this is just going to make more government raids liekly
  2. Japan is not the only players heavily involved in carry trades - clearly a bias article. The "news" will put out any spin they want, regardless of the truth.

    Funny news heading though.

    Best regards,
  3. Yen Drop to 22-Year Low Disrupts Nissan, Canon Earnings Outlook

    ``Honestly, the yen is too cheap,'' said Michijiro Kikawa, chief executive officer of Hitachi Construction Machinery Co., which competes with Peoria, Illinois-based Caterpillar Inc. in selling mining equipment. ``There will be trade friction should the yen fall further.''

    It begins to hurt profits...:D
  4. Hilarious article. But cheap yen isn't going away and none of this stupidity and madness will stop until the BoJ hikes, or says that hikes are imminent.

    Apart from that happening, there's no reason to stop behaving like madmen and drving these high yielding currencies to the moon :)
  5. Japanese housewives reentering the market on dip buying....yeah, gotta love them...:D :D :D