...the yen carry trade reversal could well bring a bigger mayhem to markets than the Israel-Iran conflict.
...when the BoJ finally pick up the nerve to raise rates to support a crumbling Yen,...
The yen has gone from 148 to 154 in just one month. Today's retail sales report is further confirmation the Fed has no case for cutting rates any time soon. The only thing that saves the yen here is the BoJ. When the yen carry trade finally breaks, it's going to break hard!
