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Strategies & Market Trends : Asia Forum

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To: Thomas Haegin who wrote (1918)	2/5/1998 5:58:00 PM
From: Rational	Read Replies (1) of 9980

Thomas: Your logic appears right at first blush. That is why the Japanese allowed to weaken yen as China devalued and SE Asian currencies plummeted. But, this became a prisoners' dilemma, threatening to spread to the US and Europe. This will have caused an uproar in the Congress due to trade deficit. Now all are realizing that USD should weaken against yen and then against other currencies. For Japan, it is a balance between exports to the US and to Asia; Japan has to also worry about her loans to Indonesia, Korea, Thailand, Malaysia... Somewhere I read a target of about 110-120. Only time will tell. Sankar

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