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Thursday, March 13, 2014

Yen carry unwinding - equity markets are following



The USD/JPY is showing money moving out of stocks into the Japanese yen. The $USD is tanking and that it also seeing a flight to bonds. The coming referendum to annex Crimea has a lot of people in the market very concerned and rightly so. I believe if Putin is successful the markets will likely get hammered come Monday. I have a feeling it will be game on whatever the outcome is.

USD/JPY daily chart


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