This year financial markets were in Risk Off mode, and so the USD/JPY carry trade has reversed considerably in 2016. Just how low can we go in this reversal? At certain points a market is broken, and fair value considerations go out the window.
This year financial markets have been in Risk Off mode, and as a result the USD/JPY carry trade has reversed considerably in 2016. Just how low can we go in this reversal? At certain points a market is broken, and fair value considerations go out the window.
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