Will Yen carry trades be dampened by the Nikkei Shimbun article?

by gracecheng | October 17, 2006 at 06:33 pm
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USD/CHF bounced back from its overnight low of 1.2638 to around 1.2690
on record TICS number, but was unable to break past 1.2700. Today the US Consumer Price Index
(which measures inflation) will be out, and as long as USD/CHF stays
below 1.2710, which was low of yesterday, intrday downside bias remains
till before that news release. Next USD/CHF support will be around
1.2620, then 1.2590-1.2600. But if it can successfully break above
1.2710, it should retest the..

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