The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (6372)	1/28/2004 6:04:42 PM
From: Real Man	Read Replies (1) of 110194

The real question is, how long the Japanese can buy them? 60 billion in one month is a lot of dough to spend on bonds, and the Yen went higher, below 106 yen per dollar. Sure BOJ would buy bonds, but not now, since it's above again. How long can, or will they spend that much buying dollars? They bought something like 200 billion last year, lost 70 billion on their bond position. If the currency market proves to be stronger than BOJ, everything is a toast. JMHO. No, the Fed won't raise, although somebody in it obviously wanted to, today. I think the currency crash may be brewing, if the Yen spends too much time below 106. That's why today's retoric.

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