This chart shows Dow Jones Industrial Average and CurrencyShares Japanese Yen Trust which is actually YEN-USD exchange rate. The chart is intra-day at August 17,2007. The two graphs are inverted and follow each other very closely. The Yen carry-trade happens in real-time. Thus it's unlikely that private Japanese persons are doing the carry trade.
 clipped from portal.eqonline.fi
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