JPY/EUR - T.A. - Goodbye Mr Carrytrade?

No need to explain what the famous JPY-carry trade means...
As the graph in attachment shows, odds are turning towards... the end of the carry trade!!!
The JPY is breaking out of its 2006-downtrend (vs EUR), combined with a positive divergence on RSI/MACD. Further upside is likely.
It looks like hedgefunds are changing their strategy towards the JPY-free-lunch-strategy, and are obliged to cover their JPY-loans (buying JPY).
This could hurt the stockmarkets some more in the near future...
Stephan Debruyne.