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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: John Pitera who wrote (47972)6/18/1999 10:10:00 AM
From: Defrocked  Read Replies (2) of 86076
 
It's an interesting G8 play, supporting the Euro
while pushing the yen back. They can do it for
a while but not forever. The last BOJ intervention
took the yen from 117.90 to 120.60. During the last
24 hrs we've only gone from 118.90 to 120.72 with
additional CB support. Both interventions occurred
on a Friday, typically a slow FX day. BDLTMILTLMA.
(But don't listen to me I'm liable to lose my ass)<g>
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