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Strategies & Market Trends : HONG KONG

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To: WONG who wrote (1906)	6/17/1998 9:05:00 AM
From: MikeM54321	Read Replies (2) of 2951

I suppose most have the news, but the US DID intervene and prop up the yen. Just after Rubin said he feels it doesn't work. It will be interesting to see how long it works now. This sure appeared to work temporarily. That can't be argued.They yen has picked up a lot of strength in the last two days, but now it seems so artifical. I'm pretty certain now, Japan will also jump in. But will this really work in the long run? Do speculators just up and run away? Does anyone have any comments on this action by the Fed? Thanks, MikeM(From Florida)

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