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Non-Tech : Dollar/yen ambush?
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To: long-gone who wrote (17)6/19/1998 12:37:00 PM
From: Bill Murphy  Read Replies (2) of 95
 
Richard,
Thank you. Would not take much to move the Yen. Some hedge funds were known to bail out today , but we heard many others are still very complacent and feel Yen will weaken after the hub hub subsides.
As we have been saying for some time, this is a set up for all heck to break loose. A bullish consensus number of only 15 % after maybe the biggest Yen move in history is extraordinary and exhibits on paper how complacency reigns.
Bill
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