YEN attacks …
As Carlyle collapses, the former BoJ prediction is fulfilled (100 against the Dollar), hurting markets on further unwind of carry trades.
Here the monthly chart of the Yen/Dollar
Copyright by Tradestation
Yen tries at the moment to break out of a triangle like longterm formation.
First price target is around the 95 Yen/Dollar.
Sounds like the Yen is not anymore a desired currency for the carry trade?

