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Strategies & Market Trends : Asia Forum

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To: Rational who wrote (534)	1/7/1998 10:58:00 AM
From: Thomas Haegin	Read Replies (1) of 9980

The U.S. sure don't like the Yen to weaken and weaken. I for once believe that the USD will stayx firm all in all, meaning at Yen 115+, DEM 1.70+ and CHF 1.40+ for the time being. It's no wonder that the USD is up: All these bonds that must have been bought recently to bring interest rates down, were paid for in USD. I am still amazed in what a mess Japan still is after all those years of recession and devaluations (real estate, stocks, etc.). Apart from exports, nothing seems to be working there. Just my $0.02, greeting, Thomas

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