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Another popular position unwound today is the yen short trade, with much of the move coming in...

Another popular position unwound today is the yen short trade, with much of the move coming in the past 90 minutes. The dollar (UUP) is off a full 1% vs. the yen (FXY +1.2%), but surging against most all other units. Particularly noteworthy are the "commodity currencies" - the aussie (FXA -1.6%), the loonie (FXC -1%).
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Comments (1)
  • Jason Burack
    , contributor
    Comments (1824) | Send Message
     
    Trade is taking a break. It's taken breaks before. Japan is still further along the road to ruin and they want to devalue the Yen.
    15 Apr 2013, 04:15 PM Reply Like
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