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Here is how to read these charts which measure correlations and potentially profitable hedged carry trades. Daily periodic returns are the ...
Tuesday, July 7, 2009
More Yen Strength to Come
Heading into the Tokyo open the Yen is strong while the Euro and Aussie are notably weak. Currencies were slow tuesday as the equity markets sold off and came dangerously close to signally a bearish downturn. Wednesday in the Currency market may be a repeat of Monday with a big flight to quality. The Yen and US Dollar will be strong.
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