why are stocks ignoring yen skying today?

[john12]

every other day stocks crashed on very strong yen. stocks look untouchable

 

[DrEvil]

Quote from john12:

every other day stocks crashed on very strong yen. stocks look untouchable

Yep, I was wondering about that too.

Could it be that carry trades was unwound last month sufficiently to render stocks and commodities less sensistive to a bullish yen??

It will be interesting to see how this one plays out if we have a daily close below 112.00 ... I expect it that should bring the panic.

 

[stock_trad3r]

little correlation between yen and US stocks

 

[kashirin]

Fed prints enough money. Carry trade is not needed anymore

 

[Brandonf]

Quote from stock_trad3r:

little correlation between yen and US stocks

In the past that has not been true, I beleive there has been a very strong historical correlation between the two. I suspect though that with as badly as the carry trade has been hit the last month or two it may not currently be as strong as it has been in the past.

Brandon