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Non-Tech : Dollar/yen ambush?
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To: Thomas M. who wrote (21)6/21/1998 7:17:00 AM
From: Bill Murphy   of 95
 
It will certainly be an interesting week. The real surprise might be that not much happens in Tokyo, the hedge funds go after the Yen and nothing happens.
It is our guess that we are in cahoots with China on this one as far as intervention goes. Maybe,Hong Kong, Singapore and Tawain too. That bloc has as much foreign exchange reserves as Europe. That is enough firepower to take on the wolves. I am sure that there are many countries that would like to put these capital flow raiders in there place.
Bill
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