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Cashin says: Yen rally could hurt carry trade

11:40 AM ET Mon, 27 Jan 2014

The 10-year yield and U.S. dollar are virtually motionless, and the equity market still shows signs it is interested in reducing risk, says Art Cashin of UBS, talking with CNBC's Mary Thompson about today's market action. We would be in deeper trouble if it weren't for Caterpillar adding many points to the Dow, adds Cashin.