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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.34

+5.2%

4:00 PM EST

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To: Alex who wrote (8465)	3/18/1998 3:16:00 PM
From: Abner Hosmer	Read Replies (1) of 116767

Yen seen diving anew if Japan talks without acting biz.yahoo.com >>''What they are trying to do with the yen and the Nikkei is a confidence trick,'' said Peter von Maydell, senior currency economist at UBS in London. ''Verbal rhetoric has no lasting effect on a currency and you could turn grey waiting for Japan to deliver on reforms.'' ''Everyone knows they are trying to rig the market for the next two weeks and one would have thought that given there is such a close correlation between the Nikkei and the yen, they would have done something by now,'' said Nick Parsons, currency strategist at Paribas Capital Markets.<<

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