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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Crimson Ghost who wrote (10335)3/17/2004 3:21:52 PM
From: mishedlo  Read Replies (2) of 110194
 
Japan bears take notice. Japan EFT (EWJ) up 3.5% to a new 12 month high today. What is especially impressive is the ability of the Nikkei to rally despite a big jump in the yen.

I am not positive you have that right.
Of course I am not sure you dont.

At any rate, this close to closing the books, I think a RISING yen favors the books.

To get sales throuout the year I think a falling YEN boosts sales.

That is my understanding. If so it would explain the lack of intervention FOR NOW, only to resume after March.

We will see.
Mish
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