why is dollar rallying vs. yen?

Discussion in 'Trading' started by empee, Sep 18, 2007.

  1. empee


    Is that a proxy for us confidence?


    I thought they might be de-coupling but then I looked and nope.
  2. Daal


    risky assets are looking great which means the carry trade is back for how long I have no idea
  3. Unbelievable:

    NZD/JPY +3.5%
    AUD/JPY +3.2%
    CAD/JPY +2.4%
    GBP/JPY +2%
    EUR/JPY +1.75%

    USD/CAD nearing parity, EUR/USD at all-time highs, USDX a hair from all-time lows. Nothing like driving a rally by desecrating the dollar..