Something is happening....Yen up 300 POINTS in 15 minutes...

Yen carry trade getting blown out. Japan suspended repair to nuclear reactors due to radiation.

Yen was/is massively used for leverage, so this is killing a lot of wall street firms and hedgies.
 
Quote from Tsing Tao:

there were tons of stops - massive ones at 79.80 (or thereabouts). there are no bids. this is a bid-less market.
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I hear you. That was a good technical level. But never have I seen the yen move like without an event. I think some real bad shit is about to come out.
 
Quote from achilles28:

Good job :)
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Shit lucky is all. And to think, just yesterday I was long but decided to take my losses and reverse the position. I could have easily been on the other side of this and be furious right about now.
 
Quote from riskymove:

Yen carry trade getting blown out. Japan suspended repair to nuclear reactors due to radiation.

Yen was/is massively used for leverage, so this is killing a lot of wall street firms and hedgies.
More...

Link to the story?
 
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