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

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To: russwinter who wrote (20320)	10/20/2004 11:35:50 AM
From: mishedlo	Read Replies (1) of 110194

Rationale (or more accurately SWAG) is this: Keeping Yen at least through the weekend, in case there is a surprise Chinese re-peg. If China repegs, why would that make Japan want to hold US$. Does not compute. I do not know what the rationale is, but it is clear Japan is buying US$ today. That is going to really piss off Europe too. Watch what happens when the EU joins the party. Amazing. Mish

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