The carry trade has about run it's course here. I think those caught long any currency versus the Yen could get clobbered here.
Unwinds can go 1000bips in a hearbeat....especially vulnerable is the NZD/JPY and CAD/JPY.
Unwinds can go 1000bips in a hearbeat....especially vulnerable is the NZD/JPY and CAD/JPY.