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News Link • Currencies

Is JPY About To Get The 'Gold' Treatment?

•, Tyler Durden
 It appears a combination of over-size positioning, options barriers, and economic reality has reduced demand for the JPY cross as a carry trade this morning and after testing 99.98 overnight, JPY is crashing higher since the open of the US equity market. It seems while the G-20 closed its eyes and held its nose, the 'market' is not quite so willing.

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