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Strategies & Market Trends : Asia Forum
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To: Steve Tauscher who wrote (4840)6/26/1998 8:49:00 AM
From: Zeev Hed  Read Replies (2) of 9980
 
Steve, my very rough calculations indicated a leak of about $200 Billion per year or less than $20 Billion per month, and sure it could cause further depression of the yen. However, there will be a level where the US balance of trade will be so horrendous that our own currency will start and weaken from such imbalances. I think that we are already getting into trade deficits that are not sustainable, and thus my short term view is a top around the 156/160 area. Latter, who knows.

Zeev
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