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Pastimes : Ask Mohan about the Market

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To: Rational who wrote (8524)	11/19/1997 9:51:00 AM
From: Jocelyn Ally	Read Replies (1) of 18056

Found in the news: The battering taken by Japanese stocks had a knock-on effect on the yen, weakening it against the dollar and European currencies as fears grew about Japan's ailing economy. Could the mixed comments by Japanese govt. be a move to weaken the currency still more so they can unload Treas. for even more Yen? Once they've unloaded a good chunk, they can hype their support again to lift the stock market, having tested on monday it works? I want a relative to move in 30Y bonds (USA or Canada) but i'm no longer sure it's a good idea ... Jocelyn

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