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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Lee who wrote (681)	9/20/1998 9:00:00 PM
From: Mark Myword	Read Replies (1) of 3536

>> The main reason I wouldn't short the yen, or other currency, is that I never have made such a trade. From this thread I have learned its rather easy to do, borrow in one currency and deposit in another. Can someone provide contacts that would facilitate such action? << Lee: The easiest way is to trade the contract on the Chicago Merc - the IMM yen contract. Simply call your commodities broker and sell the near-term contract, in this case December. The Mid-America has a half-size contract if you want to wade in slowly. The yen is very volatile, as I'm sure you know. I would not trade it without stops, unless you have a hefty bankroll! Rgds

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