View: 20121205_EURJPY.jpg (716×383)
20121205_EURJPY.jpg (716×383)
As the world flipped its calendar from November to December - risk-assets decided to shift their funding currency and EURUSD lost its ramp-a-bility... (which also helps to explain the unusual 'strength' in EUR as carry-traders buy back their EUR-based funding and rotate to JPY)
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