For those interested in better understanding the yen carry trade, please take a look at a recent short essay we published on our main website (see item #4), entitled “The Yen Carry Trade Explained”, or see below.
Intro excerpt:
The yen carry trade is once again a hot topic in financial news, as the U.S. subprime induced […]

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Thursday 8/30 Tokyo trading recap:
* Nikkei 225 Stock Average: +140.99 (+0.9%) to 16,153.82
* Nikkei 225 futures Osaka: +150 (+0.9%) to 16,200, Singapore (SGX) 16,190, Chicago (CME) 8/29 — 16,375
* TOPIX: +10.68 (+0.7%) to 1,568.23; Advancers 1,096 x decliners 491 (unch. 135), New highs 10 x new lows 65; 28/33 sectors posted gains
* Jasdaq: +4.33 (+0.2%) […]

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Wednesday 8/29 Tokyo trading recap:
* Nikkei 225 Stock Average: -274.66 (-1.7%) to 16,012.83, more than 400 point drop in morning session
* Nikkei 225 futures Osaka: -220 (-1.35%) to 16,050, Singapore (SGX) 16,050, Chicago (CME) 8/28 — 15,950
* TOPIX: -27.05 (-1.7%) to 1,557.55; Advancers 166 x decliners 1,490 (unch. 66), New highs 6 x new lows […]

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Tuesday 8/28 Tokyo trading recap:
* Nikkei 225 Stock Average: -13.90 (-0.1%) to 16,287.49
* Nikkei 225 futures Osaka: -40 (-0.25%) to 16,270, Singapore (SGX) 16,305, Chicago (CME) 8/27 — 16,300
* TOPIX: -3.16 (-0.2%) to 1,584.60; Advancers 654 x decliners 941 (unch. 127), New highs 3 x new lows 63; 13/33 sectors posted gains
* Jasdaq: -0.64 (-0.0%) […]

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Market recap for Monday 8/27
* Nikkei 225 Stock Average: +52.42 (+0.3%) to 16,301.39, climbed above 16,500 in A.M. session; lightest trading day since January 4
* Nikkei 225 futures Osaka: +70 (+0.4%) to 16,310, Singapore (SGX) 16,315, Chicago (CME) 8/24 — 16,495
* TOPIX: +1.91 (+0.1%) to 1,587.76; Advancers 924 x decliners 674 (unch. 128), New highs […]

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Market recap for Friday 8/24
* Nikkei 225 Stock Average: -67.35 (-0.4%) to 16,248.97
* Nikkei 225 futures Osaka: -120 (-0.7%) to 16,240, Singapore (SGX) 16,200, Chicago (CME) 16,495
* TOPIX: -5.96 (-0.4%) to 1,585.85; Advancers 673 x decliners 919 (unch. 134), New highs 4 x new lows 28; 27/33 sectors declined
* Jasdaq: +9.04 (+0.5%) to 1,895.77

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Thursday 8/23 recap:
* Nikkei 225 Stock Average: +415.68 (+2.6%) to 16,316.32
* Nikkei 225 futures Osaka: +450 (+2.8%) to 16,360, Singapore (SGX) 16,415, Chicago 8/22 — 16,155
* TOPIX: +46.92 (+3.0%) to 1,591.81; Advancers 1,514 x decliners 158 (unch. 54), New highs 4 x new lows 25; 32/33 sectors posted gains
* Jasdaq: +19.40 (+1.0%) to 1,886.73
* Yen […]

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* Nikkei 225 Stock Average: -0.70 (-0.0%) to 15,900.64
* Nikkei 225 futures Osaka: +40 (+0.25%) to 15,910, Singapore (SGX) 15,895, Chicago (CME) 8/21 — 15,830
* TOPIX: -4.99 (-0.3%) to 1,544.89; Advancers 679 x decliners 940 (unch. 107), New highs 2 x new lows 77; 11/33 sectors posted gains
* Jasdaq: -11.05 (-0.6%) to 1,867.33
* Yen weakens […]

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* Nikkei 225 Stock Average: +168.86 (+1.1%) to 15,901.34, intra-day high of 16,101.64
* Nikkei 225 futures Osaka: +140 (+0.9%) to 15,870, Singapore (SGX) 15,865, Chicago (CME) 8/20 — 15,805
* TOPIX: +26.31 (+1.7%) to 1,549.88; Advancers 1,369 x decliners 288 (unch. 66), New highs 2 x new lows 142; all 33 sectors posted gains
* Jasdaq: +0.16 […]

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The latest Forbes magazine (Sept. 3, 2007, or read online at: “So Long, Warren“) discusses something very interesting: several solid mutual funds, which have been longtime devotees of Warren Buffett, are selling shares, with one fund liquidating its entire position.
Sequoia Fund (SEQUX) sold $650m since the beg. of 2005, lowering its BRK.A weighting to 26%, […]

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