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Lack Of Snowfall Does Not Prevent Carry Trade To Storm Right Back, AUDJPY Surges Post NFP

Tyler Durden's picture




 

Following the NFP report, the AUDJPY surges by 1.42 to 81.54, after almost breaking 80 yesterday. The carry trade is back with a vengeance. The status quo is happy to continue as nobody has read Seth Klarman's lessons.

 

 

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Fri, 03/05/2010 - 09:55 | 254676 Hephasteus
Hephasteus's picture

That is one scary crazy monetary movement.

Fri, 03/05/2010 - 09:59 | 254681 Cognitive Dissonance
Cognitive Dissonance's picture

Looks like Viagra was mainlined straight into the blood stream. I hope they used a clean needle.

Fri, 03/05/2010 - 11:03 | 254760 Hephasteus
Hephasteus's picture

Jack be nimple, Jack be quick. Jack just burned his balls on the candlestick.

Fri, 03/05/2010 - 09:57 | 254677 Ivanovich
Ivanovich's picture

Has nothing to do with Aussie and everything to do with Japan saying it would be open to more aggressive QE last night.  The market held back because of NFP, but now that the light is green again, the yen suffers.  You see the same move in all JPY trades, even (and especially) USD/JPY.

 

Carry is in fashion, and why not?  It makes money!

Fri, 03/05/2010 - 10:00 | 254683 ratava
ratava's picture

There is no way I can change the status quo. Not enough money to buy me enough influence. Therefore, I am gonna profit from the status quo as long as I can and when things inevitably come crashing back down, I may have made enough profits to have my say on things. 

Fri, 03/05/2010 - 10:47 | 254736 nonclaim
nonclaim's picture

I recommend you open your own bank and fund a small army to defend your feud, or face abusive taxation from a bankrupt government.

Fri, 04/16/2010 - 08:48 | 303676 mark456
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