Gersh; RE:" Yen/USD "
>Japan Mof'S Kuroda Says Yen Correction Against Dollar Not
Yet Sufficient...
biz.yahoo.com
I was a little surprised to see the USD continue to decline, given the rising market and falling bondz, Gersh. We're at 129 Yen/USD now on the December futures, and where's the top, 125 ?
We were at what, ~145 ? That's a decimation of the dollar, man.
>"Tokyo stocks will be encouraged by the Dow breaking above 8,000 points overnight," said Yasuo Ueki, general manager at Nikko
Securities Co...
I mean, SNE - Sony opened gap-up +6 points, (+8%) today in USD -!
no way! A weakening USD is not good news for euro/asian exporters, regardless of the blip in their ADR values now. The weak dollar looks like it helps the emerging markets / commodity prices; but what if the US reduces consumption / import volumes as a result ?
I gotta think that the ADR.X - ADR Index at 580 now, has maybe 585-595~600 tops, and then tanks.
IMHO this (Yen/USD) thing is a puffed-up Tempura Shrimp, Gersh.
>Mof'S Kuroda Says Institutional Investors Should Be Careful
About Currency Risk...
...and Miyazawa, Tietmeyer and Greenspan gotta know it.
>"The Mexican stock exchange is being held up with support from the Dow," Bursametrica economist Roberto Galvan said...
biz.yahoo.com
...we go up +400 points, LatAm treads water; we sneeze, and LatAm will crash.
what-ever (^_^) sure is exciting, Gersh !!!
-Steve |
