(email exchange)
Yes! And it’s deep- Hungarian homeowners borrowed yen to buy their homes, for just one example.
And with Japan an importer of all its crude, lower prices make yen that much harder to get, much like USD. And maybe even more so.
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> On Fri, Oct 24, 2008 at 9:17 AM, James wrote:
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> Liquidation of Yen carry trades also in full force…..
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