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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (320)2/20/2004 3:38:25 PM
From: Jim Willie CB  Read Replies (1) of 116555
 
JYen correction was long overdue
the breakout occurred in early October
from 85-87 to 95
a 10-12% rise, which in currency terms is huge
we even have a perilous gap at 87 to 89
the move to parity with the USDollar is certain this spring and summer
without this correction, profitaking, and retracement, the move to parity would be impossible
just setting the table for the next complacent round of dollar decline toward deep deep danger
/ jim
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