Carry Trade Unwinding

May 6th, 2010 by Belisarius

Ugly looking candle today. Looks the reason is EUR/JPY carry trade unwind, probably as a result of European debt problems.

Chart 1. S&P 500

Source: StockCharts.com

Chart 2. Euro vs. Japanese Yen

Source: FT.com

, ,

This entry was posted on Thursday, May 6th, 2010 at 1:52 pm and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.

 
Get Adobe Flash player