Bye, bye YEN Carry Trades...?

[ASusilovic]

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

 

[ASusilovic]

Japan Current Account Surplus Widens to Record

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

 

[rhymeswithorang]

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

 

[OffShoreTrader]

is falling against yen.

 

[ASusilovic]

Quote from rhymeswithorang:

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

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

 

[ASusilovic]

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

 

[Cybren]

Quote from ASusilovic:

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

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

 

[polee2000]

Quote from ASusilovic:

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

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

 

[ASusilovic]

Quote from Cybren:

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

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

 

[ASusilovic]

Quote from ASusilovic:

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...