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Strategies & Market Trends : MDA - Market Direction Analysis

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To: pater tenebrarum who wrote (20485)	7/19/1999 7:29:00 PM
From: Zardoz	Read Replies (2) of 99985

heinz, part of the desire of the Yen is the fact that the BOJ is intervening. If at 115 it's a fair price, wouldn't you buy it at 120. Even a 1.67% {118 Yen} fair price can build up a tremendous pressure from those knowing the BOJ is defending a price target. And when the BOJ stops, then the currency will stabilize {with respect to economics} and all will be well. L Summers knows this, that's why he'd make those statements. Hutch. PS: I wouldn't touch the yen till it's 135. I don't see Japan recovering soon.

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