yen up over 3%

U.S. purchasing power going down the toilet. The Fed should not be bailing them out. There is tons of cash on the sideline to bail people out at reasonable prices (think Warren Buffett). The fed is using our tax money and paying WAY too much for crap assets… effectively destroying it’s value. This $2 per share price is little more than a joke… like when you sign a contract with a $1 nominal compensation.

The Yen Carry Trade is unwinding. There’s not much else to say.

dont you mean the USD carry trade is on?