How much of this excessive yen carry trade has been rung out?
How much of this excessive yen carry trade has been rung out?: Sevens Report Editor, Tom Essaye, Quoted in Barron’s
Traders Seek Refuge in Bonds Amid Market Volatility
“I think the big question for the market in the short term is how much of this excessive yen carry trade, leveraged long bets, has been rung out by the last couple days, or really the last two weeks,” Sevens Report Research’s Tom Essaye tells Barron’s. “I think it’s, unfortunately, very hard to tell.”
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