Tuesday, June 26, 2007

PERHAPS THIS IS THE START OF THE TURNING OF THE TITANIC

Yen jumps as Japan's Omi warns on one-way risks

The yen jumped on Tuesday, pulling away from a 4-1/2-year low against the dollar hit last week, after Japan's finance minister warned that markets should be aware of the risks of one-way bets.The comments by Koji Omi echoed remarks made by officials at recent Group of Seven meetings referring to carry trades and suggested some concern about the pace of the yen's slide.

Posted by chris :-)) @ 03:15 AM (463 views)
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One thought on “PERHAPS THIS IS THE START OF THE TURNING OF THE TITANIC

  • Stoatgobbler says:

    Hmmm. I’d rather be long USDJPY than short, regardless of Japanese officials’ jawboning. China is going to be an ALMIGHTY mess and USDJPY will be 150 when it bursts.

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