Dollar recovers ground, yen steadies as currency market frenzy eases

“This was a fire ready to blow up, given the fact that we've had extreme positioning for a long time," said Corpay chief market strategist Karl Schamotta "(But) the overall carry trade unwind looks like it's largely done ... the scale of the move over the last few days was probably sufficient to squeeze out the most highly leveraged players," CNBC: Dollar recovers ground, yen steadies as currency market frenzy eases