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Yen Carry Trade's Appeal Shows Japan Is Losing Mojo

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CARRY OFF WAYWARD SUN
"Currency strategists are more in sync than any time since the depths of the financial crisis, increasing incentives to bet against the yen after the carry trade lost money in December for the first time in 10 months," according to Bloomberg. "Declining volatility and the rising U.S. currency means “people are thinking about alternatives to the dollar as a funding vehicle, and the yen is the obvious candidate,” said Richard Franulovich, a strategist in New York at Westpac Banking Corp."
SOURCE:   Bloomberg

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