• Dec 12 - Japanese Yen Tumbles as Carry Trade Rebounds Sharply
• Nov 29 - Mild Rally in the Dow Leads to Correction in Carry Trades
• Nov 28 - Dow Rises 300 Points, Triggering a Turn in Carry Trades
• Nov 27 - Carry Trades Rebound Thanks to Dow Rally but Losses Are Still Steep
• Nov 26 - Japanese Yen Crosses Tumble on Equity Market Weakness
• Nov 23 - Post Thanksgiving Day Rally in Stocks Fail to Help the Yen Crosses
• Nov 21 - Japanese Yen Hits 2 Year High Against the Dollar
• Nov 20 - Volatility in Stock Market Leads to Volatility in Carry Trades
• Nov 16 - Japanese Yen Sees Risks Ahead of G20 Meeting
• Nov 15 - Correlation between Equities and Carry Trades Remain Intact
• Nov 14 - Dow Reverses in Last Hour of Trading, Will Carry Trades Resume Their Losses?
• Nov 13 - Carry Trades Come Close to Erasing Tuesday Losses
• Nov 12 - Carry Trades: Are They In for More Losses?
• Nov 09 - Meltdown in Carry Trades Could Last
• Nov 08 - Carry Trades Rebound as Stocks Reverse Intraday
• Nov 07 - USDJPY Falls to Weakest Level in Over a Month
• Nov 06 - Dow Up 117 Points, Taking Carry Trades Higher in the Process
• Nov 05 - Carry Trades Up One Day, Down the Next
• Nov 02 - Dow Meltdown Leads to Carry Trade Liquidation
• Nov 01 - Dow Meltdown Leads to Carry Trade Liquidation

All of the crosses are down sharply and USDJPY is now trading at a fresh 2 year low against the US dollar. News has surfaced that China may be planning to invest some of their FX reserves into Japanese stocks.  Supposedly their request was denied but when the CIC was contacted later, they said that no decision has been made yet.  The bottom line is that China is actively looking for ways to diversify their reserves which will be positive for the currencies of countries outside of the US that they do a lot of trade with China such as Japan.