Check out the descending triangle formation on the Yen. Click...

Check out the descending triangle formation on the Yen. Click on chart for a better view. At the February 2005 peak in the Yen, the then current rage was that Buffett and Gates were short the dollar. The Yen then proceeded to collapse for two full years. Now after that collapse, here are a few comments from just the past several days.'Worries about the end of the carry trade are absolute nonsense' according to Stephen Massocca, president and head of trading at Pacific Growth Equities as attributed by MarketWatch.'There are really few reasons to extend the yen rally. The economic backdrop of the carry trade hasn't changed. Japan still has low interest rates' said David Watt, senior currency strategist at RBC Capital Markets Inc. in Toronto, a unit of Canada's biggest bank by assets. That last quote is from Yen Poised for Best Week Since 2005 on Exit From Carry Trades. Following are a few other opinions from the same article.