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In general the carry has taken a hit over the past week. In fact, everywhere in the yen crosses, the pairs are plunging - except for one pair. The USDJPY has risen modestly over the past 24-hours on the virtue of the dollar's breakout alone.
So, on the one hand you have a very broad, 200-point plus drop in all the major yen crosses. This is a big push against the carry. Then, we have the balancing effect of the surge in the dollar. Whichever holds out the longest, we will have our USDJPY direction.
On a side note, look at USDCHF. The franc's association to the carry trade seems to have faded almost completely.
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