Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (3738)	11/8/2001 2:59:58 AM
From: Step1	Read Replies (1) of 36161

Frank, to the thread in general (yen dollar intervention) From the Yomiuri Shimbun, English edition today: >> The J gov `s currency intervention in the July September period totaled 3.21 trillion yen, a record high for any quarter and all of it after sept 11 the finance ministry said yesterday. the ministry said 3.14 trillion were sold to buy dollars and 65.2 billion (note the ratio) were sold to buy Euros in interventtions from set 17 to 28. The previous record was 3.04 trillion in the April June quarter of 1988.<< Sorry no link just retyping here. >>> It also says later in the article that : the nation`s (Japan) foreign exchange reserves hit a record high of USD 405.7 billion at the end of October , due to aggressive selling intervention.<<< Stephan

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