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  • Going forward, investors should strongly consider keeping an eye on the USD/JPY cross, the FXY ETF (which is optionable) and also DBV, which provides a much broader picture of the overall carry trade ??? and can also serve as a proxy for the risk this trade can pose to stocks. [In addition to the products referenced above, note that there is a currency carry trade ETF that is similar to DBV, the i
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