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Yen Buddah!

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No sushi for you!

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Just a quick heads up, Minyans--

A lot of traders are chatting up the 110 level in the dollar/yen (we just poked through it). While it remains to be seen if there is a divine intervention, that is a psychologically important area. I'm being told that accounts are net long the ETFs in decent size and if the dollar doesn't firm soon, those holdings could come for sale.

I'll be back.

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