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Strategies & Market Trends : January Effect 2003

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To: RockyBalboa who wrote (653)9/18/2003 8:17:19 AM
From: RockyBalboa  Read Replies (1) of 666
 
The yen weakening stopped after the japanese gave up on intervening in favor of a weaker currency, and since that, I can't complain. Looks like it is taking out the dreaded 115 support. I still believe that it could trade at 100 vs the dollar. Futures now at 0.87 vs the buck.

The Euro looks a little doggy, compared to pound and yen, of course, no growth and the call for a rate cut is the reason.
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