Wednesday November 21, 2007 - 18:22:52 GMT
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FX Blog: Market Snapshot Far East Open
GVI Market Snapshot-- Far East Open
- Carry trade unwinds have been the name of the game. Some noting that some of the weakness results from an unwinding of JPY financed positions.
- JPY is strength has also been driving the high-yielding currencies weaker.
- FOMC meeting minutes indicating a low growth scenario suggests lower rates in the future.
- A major U.S. holiday is on Thursday. U.S. markets effectively are closed effectitively until Monday.
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