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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Haim R. Branisteanu who wrote (15355)6/16/2004 1:21:00 PM
From: Jim Willie CB  Read Replies (1) of 110194
 
yes, Bank of Japan is alternating with Euro CB
pure intervention
on Monday big down move in jyen vs US$
today big down move in euro vs US$
the Fed's job is to cap rates with monetized funds
but foreign major CB job is to put floor on US$
make sense?

just watch the euro and jyen
AND STOP WATCHING THE DOLLAR INDEX

the DXY obscures all action
/ jim
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