Butterfly effects? Risk is global

Butterfly effects in Mexico

We have seen some major moves in the MXN over the past sessions. Has the JPY carry trade gone ahead of itself and we are seeing early signs of something more serious taking place in FX land? Piling into the MXN has been a very popular trade over the past 1-2 years. John Authers: "...could warn that some of the stranger trends in foreign exchange are about to crack."