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Forget the VIX (VXX), JPY (the yen, FXY) is the market's new fear gauge, writes Randall Forsyth,...

Forget the VIX (VXX), JPY (the yen, FXY) is the market's new fear gauge, writes Randall Forsyth, and its strengthening of late has been a sign stocks and commodities are dumping. The yen has been a favorite of the carry-traders forever, but Abenomics - at which its devaluation was promised - brought the play to a whole new level. A reversal means selling in everything from stocks, to gold, to emerging markets, to junk bonds.
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  • rrobster
    , contributor
    Comments (144) | Send Message
     
    People are overreacting to the yen.
    12 Jun 2013, 01:39 PM Reply Like
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