Watch out for lurching robots.

“But signs of a real unwinding of the so-called carry trade have gained strength in recent days and weeks, hinting that the currency markets could be on the verge of something big. First there was the now-familiar dump of New Zealand dollars. Then there was this week’s spectacular crash in the super-high-yielding Icelandic krona. And with talk of Japanese tightening gathering steam, some analysts are warning market participants against complacency in the weeks ahead.

“Once we do see a wholesale position unwinding, it has the potential to be quite a sharp move,” said Ian Stannard, a currency strategist at BNP Paribas in London.”

High-Yield Forex Jitters Point To Mkt Shift Risk