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Strategies & Market Trends : games trader group

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To: John Paquet who wrote (8)9/16/1999 10:24:00 PM
From: John Paquet   of 507
 
Goldsnow, now U.S. Dollar policy>>>>>>

Ever since SUmmers took over or even before Summers's postion pending U.S. Senate confirmation to accept Clinton's nomination Summers for Rubin job, I started to watch U.S. dollarindex very closely and statements or comments made by Summers even his Senate confirmation hearing regarding his policy of many issue domestically and internationally.

I did not feel that Summers would adopt any new policy or changes from hos old boss Rubin, only these few weeks Yen soared as Japan economy strenthen etc.

But Japan Finance Minister and governors of Bank of Japan all are againt strong Yen [policy so this is temperary market overshoot etc.... Eventually Yen will be backed down again.

Notice that also, despite that stronmg YEn situation, Treasury bond still hang in tough far above 113, there is no threat at all. Watch Dollar index as well Treasury bond 98 and 11216 respectively. Also watch DOw and Nasdaq index.

THese all will tell market turn noth or south.

John Paquet
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