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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: stockycd who wrote (24661)9/2/1999 10:17:00 PM
From: KM  Read Replies (2) of 99985
 
This says the dollar is firming:

Thursday September 2, 9:53 pm Eastern Time
Nikkei pulled into plus column by firmer dollar
TOKYO, Sept 3 (Reuters) - Tokyo's benchmark Nikkei average edged into positive territory by mid-morning on Friday as the dollar's recovery against the yen helped brighten market sentiment, traders said.

''For better or for worse, it's up to (dollar/yen) exchange rates, at least for the time being, which way the market goes,'' said Koji Hayakawa, a manager at Ichiyoshi Securities.

''Today's market is taking strength from the dollar's uptick,'' Hayakawa said.

At 0117 GMT, the Nikkei average of 225 leading shares was up 54.12 points or 0.31 percent at 17,685.37.

September Nikkei futures <0#JNI:> were unchanged from Thursday's close at 17,670.

The key market gauge dipped in early morning trade in the wake of overnight losses in New York stocks, extending Thursday's decline of 171.23 points or 0.96 percent.

As of 0147 GMT, the dollar was quoted at 109.73/76 yen, up from Thursday's New York close of 109.10/20.

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