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

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To: Tommaso who wrote (78354)	1/31/2007 2:57:50 PM
From: Real Man	Read Replies (2) of 110194

I would think that USDX is not that important, since it's 57% Euro. So, I agree with Russ that a devaluation against Yen could trigger some derivative mess. We are far from seeing it at this point, with 120Y/$. The Japanese probably intervened to forestall further decline. If Yen strengthens beyond 100Y/$, then we'll probably see something. The 105-120 is the official Japanese Yen currency fixing tolerance. We might see $1000 gold this year -g-

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